Loading chat...
RI H8202
Joint Resolution
Status
2/27/2026
Primary Sponsor
Teresa Tanzi
Click for details
AI Summary
-
Authorizes $100,000,000 in general obligation bonds for the "Transit Forward RI 2040" capital development program, subject to voter approval at the November 2026 general election
-
Funds designated for statewide transit improvements including fare technology upgrades, bus stop and shelter enhancements, safety and accessibility upgrades (crosswalks, sidewalks, curb ramps), and shelter amenities (bathrooms, bike racks, indoor waiting areas)
-
Provides matching funds for federal grants supporting high-capacity transit lines under the state transit master plan, plus operational infrastructure and agency facility improvements
-
Bonds issued in $1,000 denominations with 20-year maximum maturity, exempt from state taxation, and backed by the full faith and credit of Rhode Island
-
Director of Administration oversees expenditure of bond proceeds, with authority to acquire property, direct construction payments, and accept federal assistance or private funds for the project
Legislative Description
JOINT RESOLUTION SUBMITTING TO THE ELECTORS A PROPOSITION TO ISSUE BONDS RELATING TO CAPITAL DEVELOPMENT PROGRAM (Submits the state's 2026 capital development program requesting the issuance of general obligation bonds totaling one hundred million dollars ($100,000,000) for approval of the electorate at the general election to be held in November, 2026.)
Last Action
Introduced, referred to House Finance
2/27/2026