# Rhode Island H7408: 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.

Rhode Island H7408, 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., is a 2026 Regular Session House bill sponsored by Marvin L. Abney (Democratic); status signed, last action 2026-02-11 (Signed by Governor — Chapter 001) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/RI-H7408-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Rhode Island H7408
- State: Rhode Island
- Session: 2026 Regular Session
- Title: 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.
- Status: signed
- Chamber: House
- Introduced: 2026-01-29
- Last action: 2026-02-11, Signed by Governor — Chapter 001
- Sponsor: Marvin L. Abney (Democratic)
- Cosponsors: 9
- Touches household money: no
- Roll calls: 3 (167 yes, 0 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Safeguards and 2026 deadline for deal: benefit, low. 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: mixed, low. 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 bor…
- State reserve backs hospital bond sale: mixed, low. 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 st…

## Sponsors and cosponsors

- Sponsor: Marvin L. Abney (Democratic), House
- Cosponsor: Christopher R. Blazejewski (Democratic), House
- Cosponsor: Terri Cortvriend (Democratic), House
- Cosponsor: Arthur J. Corvese (Democratic), House
- Cosponsor: Raymond A. Hull (Democratic), House
- Cosponsor: Jon D. Brien (Independent), House
- Cosponsor: Katherine S. Kazarian (Democratic), House
- Cosponsor: William W. O'Brien (Democratic), House
- Cosponsor: K. Joseph Shekarchi (Democratic), House
- Cosponsor: Scott A. Slater (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-02-10 | House | ROGER WILLIAMS/LADY OF FATIMA PASSAGE AS AMENDED | pass | 67 | 0 |   |
| 2026-02-10 | Senate | ACT RELATING TO MAKING REVISED APPROPRIATIONS IN SUPPORT FY 2026 ROGER WILLIAMS MEDICAL CENTER/LADY OF FATIMA HOSPITAL | pass | 34 | 0 |   |
| 2026-02-10 | House | ROGER WILLIAMS/LADY OF FATIMA PASSAGE PASSAGE OF AMENDMENT | pass | 66 | 0 |   |

## Actions (11)

- 2026-02-11: Signed by Governor — Chapter 001 (Governor)
- 2026-02-10: Transmitted to Governor (Governor)
- 2026-02-10: Senate passed Sub A as amended in concurrence (Senate)
- 2026-02-10: House passed Sub A as amended (floor amendment) (House)
- 2026-02-06: Placed on House Calendar (02/10/2026) (House)
- 2026-02-06: Committee recommends passage of Sub A
- 2026-02-05: Proposed Substitute
- 2026-02-04: Scheduled for consideration (02/06/2026)
- 2026-02-03: Committee recommended measure be held for further study
- 2026-01-30: Scheduled for hearing (02/03/2026)
- 2026-01-29: Introduced, referred to House Finance (House)

## Bill text

- H7408 - As Introduced, 2026-01-29: [HTML](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408.htm), [PDF](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408.pdf)
- H7408 - Substitute, 2026-01-29: [HTML](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408A.htm), [PDF](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408A.pdf)
- H7408 - Substitute As Amended, 2026-01-29: [HTML](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408Aaa.htm), [PDF](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408Aaa.pdf)

## Related bills

- S3363: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION . (became law)
- S3353: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS . (became law)
- S3337: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION . (became law)
- S3315: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES . (became law)
- S3333: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT . (became law)
- S3293: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION . (became law)

## Sources
- [H7408 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408.htm)
- [H7408 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408.pdf)
- [H7408 - Substitute (HTML)](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408A.htm)
- [H7408 - Substitute (PDF)](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408A.pdf)
- [H7408 - Substitute As Amended (HTML)](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408Aaa.htm)
- [H7408 - Substitute As Amended (PDF)](https://webserver.rilegislature.gov/BillText26/HouseText26/H7408Aaa.pdf)

## Related
- [S3363: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .](https://policyrisk.com/state-bill/RI-S3363-2026)
- [S3353: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS .](https://policyrisk.com/state-bill/RI-S3353-2026)
- [S3337: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .](https://policyrisk.com/state-bill/RI-S3337-2026)
- [S3315: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .](https://policyrisk.com/state-bill/RI-S3315-2026)
- [S3333: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT .](https://policyrisk.com/state-bill/RI-S3333-2026)
- [S3293: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .](https://policyrisk.com/state-bill/RI-S3293-2026)
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Source: PRIA, https://policyrisk.com/state-bill/RI-H7408-2026 (as of 2026-11-01).