AN ACT RELATING TO WATERS AND NAVIGATION -- RHODE ISLAND INFRASTRUCTURE BANK

Summary

The bill establishes the Resilient Rhody Infrastructure Fund within the state’s Infrastructure Bank to provide technical, administrative, and financial assistance to municipalities for climate‑resilience and storm‑water mitigation. It authorizes the bank to receive state and federal money, make loans, levy fees, and cover related costs. The measure aims to help local units plan, finance, and implement projects that reduce flood risk and improve insurability.

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