AN ACT RELATING TO HEALTH AND SAFETY -- THE RHODE ISLAND LIFE SCIENCE HUB ACT
Signed by Governor
Summary
The law establishes an independent public corporation called the Rhode Island Life Science Hub to certify and fund life‑science companies, and it reshapes the I‑195 Redevelopment District Commission by adding the hub’s chair to the commission and the commission’s chair to the hub board. It sets up a 16‑member board with appointed public and institutional directors, defines their terms, voting rules, and compensation, and gives the hub authority to award grants, loans, and other assistance. The changes aim to coordinate state‑level support for life‑science growth with the I‑195 redevelopment effort.
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