AN ACT RELATING TO CAPITAL DEVELOPMENT PROGRAM -- 2026 BOND REFERENDA

Summary

The bill requires Rhode Island voters to approve a $100 million bond issue for the “Transit Forward RI 2040” project, which would finance fare‑technology upgrades, bus‑stop and shelter improvements, safety features, bike racks, and matching federal grant funds. If the measure passes, the state treasurer, with the governor’s approval, may issue general‑obligation bonds, refunding bonds, or temporary notes up to the approved amount, with all proceeds dedicated to the transit project.

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