AN ACT RELATING TO WATERS AND NAVIGATION -- RHODE ISLAND INFRASTRUCTURE BANK
Rhode Island establishes dedicated infrastructure bank to finance water and navigation projects, creating alternative funding mechanism beyond traditional appropriations.
Rhode Island establishes dedicated infrastructure bank to finance water and navigation projects, creating alternative funding mechanism beyond traditional appropriations.
HB 7800 establishes a Rhode Island Infrastructure Bank focused on waters and navigation projects. The bill creates a financing mechanism to fund water-related infrastructure improvements and navigation improvements across the state. This represents a structural approach to addressing water infrastructure needs through a dedicated banking institution rather than traditional appropriations.
Water infrastructure deterioration affects public health, environmental quality, and economic development in Rhode Island. By creating a specialized infrastructure bank, the state aims to accelerate funding for critical projects like stormwater systems, wastewater treatment, and navigational improvements while potentially leveraging private capital. This approach allows for more efficient project financing and management than annual legislative appropriations.
Compiled from official sources — confirm details with the bill’s official record.
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