RI H7704

Places a ballot question before Rhode Island voters at the November 2026 general election to authorize $22,500,000 in general obligation bonds for a medical school at the University of Rhode Island's Kingston campus

Authorizes the General Treasurer, with Governor approval, to issue capital development bonds in $1,000 denominations that must mature within 20 years of issuance

Bonds and notes issued under this act are exempt from state taxation and backed by the full faith and credit of Rhode Island

Director of Administration oversees expenditure of bond proceeds, including authority to acquire land, pay for construction, and purchase equipment for the medical school project

Certain sections take effect upon passage; remaining provisions take effect only if voters approve the ballot proposition