Bill > H5961

This bill updates Rhode Island's statute regarding the Health and Educational Building Corporation by redefining child daycare centers as educational institutions and replacing outdated terminology. Specifically, the bill removes references to "institutions of higher learning" and replaces them with "educational institutions" throughout the existing law. This change effectively expands the definition of educational institutions to include child daycare centers, allowing them to participate in the corporation's financing and project development programs. The bill modifies multiple sections of the law to reflect this updated terminology, which means child daycare centers will now be eligible for the same types of financial assistance and project support as other educational institutions, such as loans, bonds, and project financing. The modifications are technical in nature and do not fundamentally alter the core functions of the Health and Educational Building Corporation, but rather broaden its scope to include child daycare centers. The bill will take effect immediately upon its passage.

Education, Housing and Urban Affairs

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