All Roll Calls
Yes: 167 • No: 0
Rhode IslandH74082026 Regular SessionHouse
AN ACT RELATING TO MAKING REVISED APPROPRIATIONS IN SUPPORT OF FY 2026 RELATING TO ROGER WILLIAMS MEDICAL CENTER AND OUR LADY OF FATIMA HOSPITAL AND AUTHORIZING THE STATE OF RHODE ISLAND TO PROVIDE FINANCING SUPPORT TO ASSIST THE SALE OF THE HOSPITALS TO CHARTERCARE HEALTH OF RHODE ISLAND, INC.
Sponsored By: Marvin L. Abney (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
Safeguards and 2026 deadline for deal
Leftover cash in the reserve goes back to the state’s supplemental reserve when the bonds are paid or when cash is replaced by a Credit Facility. The law takes effect only if the hospital bonds close. If the bonds do not close by May 8, 2026, the law does not take effect.
One-time $18M for hospital reserve
For the year ending June 30, 2026, the controller moves $18 million from the supplemental reserve to general revenue. The budget adds a new $18 million line called Hospital Financing Support Debt Service Reserve. That money goes to the state bond agency to back the hospital bond issue and lower borrowing costs.
State reserve backs hospital bond sale
The law creates a debt service reserve for the hospital bond deal, up to $18 million. The state can fund it in cash or set up a Credit Facility. Any Credit Facility payments need a new vote in each yearly budget, and the state does not automatically refill the reserve. The Credit Facility is not state debt, and these bonds are special obligations paid only from bond-related revenues. The $18 million cap applies to principal; interest and fees are extra.
Sponsors & Cosponsors
Sponsor
Marvin L. Abney
Democratic • House
Cosponsors
Christopher R. Blazejewski
Democratic • House
Terri Cortvriend
Democratic • House
Arthur J. Corvese
Democratic • House
Raymond A. Hull
Democratic • House
Jon D. Brien
Independent • House
Katherine S. Kazarian
Democratic • House
William W. O'Brien
Democratic • House
K. Joseph Shekarchi
Democratic • House
Scott A. Slater
Democratic • House
Roll Call Votes
House vote • 2/10/2026
ROGER WILLIAMS/LADY OF FATIMA PASSAGE AS AMENDED
Yes: 67 • No: 0
Senate vote • 2/10/2026
ACT RELATING TO MAKING REVISED APPROPRIATIONS IN SUPPORT FY 2026 ROGER WILLIAMS MEDICAL CENTER/LADY OF FATIMA HOSPITAL
Yes: 34 • No: 0
House vote • 2/10/2026
ROGER WILLIAMS/LADY OF FATIMA PASSAGE PASSAGE OF AMENDMENT
Yes: 66 • No: 0
Actions Timeline
Signed by Governor — Chapter 001
2/11/2026GovernorTransmitted to Governor
2/10/2026GovernorSenate passed Sub A as amended in concurrence
2/10/2026SenateHouse passed Sub A as amended (floor amendment)
2/10/2026HousePlaced on House Calendar (02/10/2026)
2/6/2026HouseCommittee recommends passage of Sub A
2/6/2026Proposed Substitute
2/5/2026Scheduled for consideration (02/06/2026)
2/4/2026Committee recommended measure be held for further study
2/3/2026Scheduled for hearing (02/03/2026)
1/30/2026Introduced, referred to House Finance
1/29/2026House
Bill Text
H7408 - As Introduced
1/29/2026
H7408 - Substitute
1/29/2026
H7408 - Substitute As Amended
1/29/2026
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