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RI H7311
Bill
Status
Introduced
1/23/2026
Primary Sponsor
George Nardone
Click for details
AI Summary
- Caps the Rhode Island Commerce Corporation's financing authority at $5,000,000 per individual, business entity, or project
- Requires General Assembly authorization for any financing that exceeds the $5,000,000 limit
- Amends two sections of existing law (42-64-6 and 42-64-7) governing the corporation's general powers and additional general powers
- Takes effect immediately upon passage
Legislative Description
Limits the authority of the Rhode Island commerce corporation to finance any transaction to five million dollars ($5,000,000) for any one individual, business entity or project.
State Affairs And Government
Last Action
Introduced, referred to House Finance
1/23/2026
Committee Referrals
Finance1/23/2026
Full Bill Text
No bill text available