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RI H7800
Bill
Status
2/12/2026
Primary Sponsor
Terri-Denise Cortvriend
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AI Summary
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Expands eligible uses of the Resilient Rhody Infrastructure Fund to include financial support for local governments to develop and implement risk interpretation tools that quantify financial risk and help ensure property insurability
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Creates a new Municipal Resilience Program (Section 46-12.2-28) allowing local governments to use designated funds for resiliency-related infrastructure planning, insurability planning, and risk assessment tools
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Amends the Ocean State Climate Adaptation and Resilience (OSCAR) Fund to include risk financing and transfer investments, including insurance, to protect nature-based solutions from catastrophic risk as eligible adaptation projects
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Adds "insurability of the adaptation and resilience project" as a new factor for the technical advisory committee to consider when prioritizing OSCAR fund grant awards
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Takes effect immediately upon passage
Legislative Description
Allows local government recipients of grant funds from the Rhode Island infrastructure bank's OSCAR fund and resilient Rhode Island infrastructure fund to use monies for insurability planning.
Waters And Navigation
Last Action
Committee recommended measure be held for further study
2/26/2026