AN ACT RELATING TO WATERS AND NAVIGATION -- RHODE ISLAND INFRASTRUCTURE BANK
02/26/2026 Committee recommended measure be held for further study
Summary
The bill establishes the Resilient Rhody Infrastructure Fund inside the Rhode Island Infrastructure Bank to provide technical, administrative and financial assistance to local governments for resiliency and stormwater projects. It authorizes the bank to receive state and federal money, make loans, levy fees, engage vendors, set up reserves, and recover defaults, while also adding a municipal resilience program and expanding climate‑adaptation definitions. The measure is intended to strengthen the state’s capacity to fund projects that reduce climate‑related risks.
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