Bill > H6006

This bill proposes to submit a statewide bicycle mobility plan to Rhode Island voters for approval at the November 3, 2026 general election. The proposed measure would authorize the state to issue up to $25 million in general obligation bonds to fund a comprehensive bicycle system that creates a seamless network of off-road and on-street bicycle routes providing transportation and recreational connections across the entire state. If approved by voters, the bill allows the general treasurer to issue bonds with specific provisions including denominations of at least $1,000, interest rates, and a maximum maturity of 20 years from the fiscal year of issuance. The bonds would be tax-exempt and represent a general obligation of the state, backed by its full faith and credit. The bill also provides detailed provisions for how the bond proceeds can be used, including acquiring land, preparing plans, constructing infrastructure, and potentially accepting federal or private funding to supplement the project. Sections 1, 2, 3, 11, and 12 of the bill would take effect immediately, while the remaining sections would only become effective if voters approve the bond measure at the election.

Budget and Finance

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