Bill
Bill > S0980
RI S0980
Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And Equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less
summary
Introduced
05/15/2023
05/15/2023
In Committee
05/30/2023
05/30/2023
Crossed Over
06/06/2023
06/06/2023
Passed
06/12/2023
06/12/2023
Dead
Signed/Enacted/Adopted
06/14/2023
06/14/2023
Introduced Session
2023 Regular Session
Bill Summary
Authorizing The Town Of Barrington To Finance The Construction, Improvement, Renovation, Alteration, Furnishing And ?equipping Of Public Schools And School Facilities In The Town And All Expenses Incident Thereto Including, But Not Limited To, Costs Of Design, Athletic Fields, Playgrounds, Landscaping, Parking And Costs Of Financing And To Issue Not More Than $250,000,000 Bonds And/or Notes Therefor, Subject To Approval Of State Housing Aid At A Reimbursement Rate Or State Share Ratio Of Not Less Than 35 Percent 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
AI Summary
This bill authorizes the Town of Barrington to issue up to $250,000,000 in bonds and/or notes to finance the construction, improvement, renovation, alteration, furnishing, and equipping of public schools and school facilities in the town. The bonds would be subject to approval of state housing aid at a reimbursement rate or state share ratio of at least 35% at the time of issuance, and the authorization would be reduced by the amount of certain grants received from state bond proceeds, the Rhode Island Department of Education, or the Rhode Island School Building Authority. The bill requires the town council to adopt a resolution specifying the exact principal amount of bonds and notes to be presented to the voters, and potentially the specific schools and facilities to be financed. The bill also requires voter approval at the November 2023 general election before the bonds can be issued.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Signed by Governor (on 06/14/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText23/SenateText23/S0980.pdf |
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