Authorizes the city of Cranston to issue not more than $8,000,000 general obligation bonds and temporary notes for the design, construction, repair, rehabilitation and improvement of streets, sidewalks and bridges in the city.
This bill authorizes the City of Cranston to issue up to $8 million in general obligation bonds to fund the design, construction, repair, and improvement of its streets, sidewalks, and bridges. The funds can be used for various infrastructure projects, including paving, drainage systems, traffic control devices, road maintenance equipment, safety upgrades, and landscaping. The legislation allows the city to sell these bonds in different forms, such as zero coupon or serial bonds, with repayment terms ranging from five to thirty years. Additionally, the bill permits the city to issue temporary notes to manage cash flow before the main bonds are sold and provides a framework for repaying any borrowed funds using future bond proceeds.
This bill authorizes the Rhode Island state government to pay specific claims totaling approximately $4,464.53 to six individuals and one business for damages caused by roadway defects, debris, or flooding. The funds would cover vehicle repairs and property damage resulting from incidents that occurred between 2022 and 2026 in various towns across the state. If passed, the state Controller would be directed to draw orders from the General Treasurer to release these payments from the state treasury for the fiscal year ending June 30, 2027.
This bill amends the Unfair Claims Settlement Practices Act to raise the threshold for declaring a vehicle a total loss from 80% to 85% of its actual cash value. The legislation also adds specific provisions requiring insurers to honor consumer requests to pay directly to chosen rental car companies, auto body shops, and restoration companies up to $5,000. Additionally, the bill mandates that insurers use complete, industry-recognized repair manuals and software systems when assessing vehicle damage and requires licensed appraisers for vehicles with damage exceeding $2,500. These changes directly affect insurance companies, policyholders, and repair facilities by establishing clearer standards for claims handling and vehicle repair processes.
Authorizes the city of Pawtucket to issue not more than $2,000,000 general obligation bonds and notes to finance the construction, reconstruction, repair and equipping of bridges.
Authorizes the city of Pawtucket to issue not more than $2,000,000 general obligation bonds and notes to finance the design, construction, reconstruction, repair and equipping of streets and sidewalks.
Authorizes the city of Pawtucket to issue not more than $2,500,000 general obligation bonds and notes to finance the improvement and replacement of road safety infrastructure and traffic control devices.
Authorizes the city of Pawtucket to issue not more than $2,000,000 general obligation bonds and notes to finance the design, construction, reconstruction, repair and equipping of streets and sidewalks.
Authorizes the city of Pawtucket to issue not more than $2,500,000 general obligation bonds and notes to finance the improvement and replacement of road safety infrastructure and traffic control devices.
SB 3326 authorizes the City of Pawtucket to issue up to $3,000,000 in bonds and notes to fund a street repaving project for fiscal years 2028 and 2029. The bill outlines how the city can sell these bonds, manage the resulting funds, and use the money specifically for repaving streets and covering related issuance costs. It also permits the city to issue temporary notes to cover expenses before the final bonds are sold and provides rules for investing any unspent funds. This legislation directly affects the city's financial operations and infrastructure maintenance plans without changing broader state laws.
