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Bill > S2357

RI S2357

RI S2357
Provides that funds or monies collected by designated quasi-public corporations or agencies not be subject to transfer or reallocation by order of the governor or general assembly.

summary

Introduced
01/30/2026
In Committee
01/30/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

This act would provide that funds or monies collected by designated quasi-public corporations or agencies not be subject to transfer or reallocation by order of the governor or general assembly. This act would also mandate that quasi-public corporations limit the use of all funds and property to perform the function or service for which the quasi-public corporation was created and would prohibit the transfer or reallocation of funds held by a quasi-public corporation. This act would take effect upon passage.

AI Summary

This bill mandates that funds collected by specific quasi-public corporations and agencies, which are entities that perform essential government functions or services and have the public power to collect fees and generate revenue, cannot be transferred or reallocated by the governor or the general assembly. These quasi-public entities, including the Convention Center Authority, Rhode Island Airport Corporation, and Rhode Island Public Transit Authority, must use all their funds and property solely for the purposes for which they were created, ensuring that their assets benefit the public and not private individuals or other entities. The bill also states that it will become effective immediately upon its passage.

Committee Categories

Budget and Finance

Sponsors (6)

Last Action

Introduced, referred to Senate Finance (on 01/30/2026)

bill text

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bill summary

Document Type Source Location
State Bill Page https://status.rilegislature.gov/
BillText https://webserver.rilegislature.gov/BillText26/SenateText26/S2357.pdf
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