2024 Regular SessionRhode Island Legislature

S2858: AUTHORIZING THE CITY OF PROVIDENCE TO ISSUE NOT TO EXCEED $400,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FINANCE THE CONSTRUCTION, RELATED DEMOLITION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY AND ALL COSTS RELATED THERETO, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 75% AT THE TIME OF ISSUANCE AND PROVIDED THAT THE AUTHORIZATION SHALL BE REDUCED BY THE AMOUNT OF CERTAIN GRANTS RECEIVED FROM STATE BOND PROCEEDS, FROM THE RHODE ISLAND DEPARTMENT OF EDUCATION OR FROM THE RHODE ISLAND SCHOOL BUILDING AUTHORITY

Legislative Summary

Authorizes Providence to issue not more than $400,000,000 general obligation bonds & notes to finance the construction, related demolition, renovation, improvement, alteration, repair, landscaping, furnishing and equipping of schools throughout the city.

Demographic Impact

Overall analysis of equity impact

90% Positive
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Bill History

3/22/2024
Introduced, referred to Senate Finance
Senate
3/29/2024
Scheduled for hearing and/or consideration (04/04/2024)
Senate
4/4/2024
Committee recommends passage
Senate
4/5/2024
Placed on Senate Calendar (04/11/2024)
Senate
4/11/2024
Senate read and passed
Senate
4/18/2024
Referred to House Finance
House of Representatives
5/3/2024
Scheduled for consideration
House of Representatives
5/6/2024
Meeting postponed (05/07/2024)
House of Representatives
5/6/2024
Scheduled for consideration (05/09/2024)
House of Representatives
5/8/2024
Proposed Substitute
House of Representatives
5/9/2024
Committee recommends passage of Sub A
House of Representatives
5/10/2024
Placed on House Calendar (05/14/2024)
House of Representatives
5/14/2024
House passed Sub A
House of Representatives
5/17/2024
Referred to Senate Finance
Senate
5/28/2024
Scheduled for hearing and/or consideration (05/30/2024)
Senate
5/30/2024
Committee continued
Senate
5/31/2024
Scheduled for consideration (06/04/2024)
Senate
6/4/2024
Committee recommends passage of Sub A in concurrence
Senate
6/4/2024
Placed on Senate Calendar (06/06/2024)
Senate
6/6/2024
Senate passed Sub A in concurrence
Senate
6/12/2024
Transmitted to Governor
House of Representatives
6/17/2024
Signed by Governor
House of Representatives

Roll Call Votes

Passage
6/6/2024
35
Yea
0
Nay
2
Not Voting
0
Absent
Result: PASSED
Passage
5/14/2024
72
Yea
0
Nay
2
Not Voting
1
Absent
Result: PASSED
Passage
4/11/2024
30
Yea
0
Nay
7
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(6/17/2024)
Chamber
House of Representatives
Sine DiePrior Session

Documents

Comm Sub
Bill Text5/9/202446.3 KB
Introduced
Bill Text3/22/202448.3 KB