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Bill > H6426


RI H6426

RI H6426
The Rhode Island Life Science Hub Act


summary

Introduced
05/19/2023
In Committee
05/19/2023
Crossed Over
Passed
Dead
06/16/2023

Introduced Session

2023 Regular Session

Bill Summary

This act would create the Rhode Island life science hub, a quasi-public corporate body and agency of the state to coordinate life science initiatives on behalf of Rhode Island. This act would take effect on September 1, 2023.

AI Summary

This bill creates the Rhode Island Life Science Hub, a quasi-public corporate body and agency of the state, to coordinate life science initiatives on behalf of Rhode Island. The Hub will facilitate the development of medical and scientific advancements, and provide funding and support to Rhode Island-based life science companies through grants, tax credits, and other incentives. The bill establishes the Hub's governance structure, powers, and an investment fund to finance its operations and initiatives. It also requires the Hub to submit annual reports and undergo regular audits to ensure accountability and transparency.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Committee recommended measure be held for further study (on 05/23/2023)

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