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Bill > S2520


RI S2520

RI S2520
Terminates the requirement that the public utilities commission allocate five million dollars ($5,000,000) annually to the Rhode Island infrastructure bank for use with energy efficient programs.


summary

Introduced
02/13/2026
In Committee
02/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

This act would terminate the requirement that the public utilities commission allocate five million dollars ($5,000,000) annually to the Rhode Island infrastructure bank for use with energy efficient programs. This act would take effect upon passage.

AI Summary

This bill terminates the requirement for the Public Utilities Commission (PUC), a state agency that oversees utility companies, to annually allocate $5,000,000 from funds collected for energy efficiency and renewable energy programs to the Rhode Island Infrastructure Bank. The Rhode Island Infrastructure Bank is an entity that finances projects, and these funds were intended for use with energy-efficient programs. This change would remove a specific funding mandate that was set to begin in January 2022. The bill also states that it will become effective immediately upon being passed into law.

Committee Categories

Business and Industry

Sponsors (10)

Last Action

Introduced, referred to Senate Commerce (on 02/13/2026)

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