# Rhode Island H8403: AN ACT AUTHORIZING THE TOWN OF JAMESTOWN TO FUND AFFORDABLE HOUSING PROJECTS AND TO ISSUE NOT MORE THAN $3,000,000 BONDS AND NOTES THEREFOR .

Rhode Island H8403, AN ACT AUTHORIZING THE TOWN OF JAMESTOWN TO FUND AFFORDABLE HOUSING PROJECTS AND TO ISSUE NOT MORE THAN $3,000,000 BONDS AND NOTES THEREFOR ., is a 2026 Regular Session House bill sponsored by Alex S. Finkelman (Democratic); status became law, last action 2026-06-10 (Effective without Governor's signature) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/RI-H8403-2026
- 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 H8403
- State: Rhode Island
- Session: 2026 Regular Session
- Title: AN ACT AUTHORIZING THE TOWN OF JAMESTOWN TO FUND AFFORDABLE HOUSING PROJECTS AND TO ISSUE NOT MORE THAN $3,000,000 BONDS AND NOTES THEREFOR .
- Status: became law
- Chamber: House
- Introduced: 2026-04-03
- Last action: 2026-06-10, Effective without Governor's signature
- Sponsor: Alex S. Finkelman (Democratic)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 2 (104 yes, 0 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- New funding for Jamestown affordable housing: benefit, medium. Subject to voter approval on November 3, 2026, Jamestown can issue up to $3 million in bonds to create affordable housing. Money can buy property or develop town-owned sites for homes that meet the state’s affordable housing rules. The town can also seek federal or state grants to help pay. Repayme…
- No cap on taxes to repay bonds: cost, medium. Jamestown must pay bond principal and interest when due. If the town does not set aside enough money, the unpaid amount is added to the annual tax levy. All taxable property in town can be taxed without a rate or dollar limit to pay the debt.
- Faster financing tools for housing projects: mixed, medium. The town can issue short-term notes, payable within 5 years, to start projects before bonds or aid arrive. With council approval, the finance director can advance town funds now and repay them later without interest. Bonds for these projects can be issued without other agency or financial town meet…

## Sponsors and cosponsors

- Sponsor: Alex S. Finkelman (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-06-02 | Senate | THE TOWN OF JAMESTOWN -- BONDS In Concurrence Passage | pass | 35 | 0 |   |
| 2026-05-14 | House | JAMESTOWN BONDS & NOTES PASSAGE | pass | 69 | 0 |   |

## Actions (14)

- 2026-06-10: Effective without Governor's signature (Governor)
- 2026-06-02: Transmitted to Governor (Governor)
- 2026-06-02: Senate passed in concurrence (Senate)
- 2026-05-29: Placed on Senate Calendar (06/02/2026) (Senate)
- 2026-05-28: Committee recommends passage in concurrence
- 2026-05-26: Scheduled for consideration (05/28/2026)
- 2026-05-22: Referred to Senate Housing and Municipal Government (Senate)
- 2026-05-14: House read and passed (House)
- 2026-05-10: Placed on House Calendar (05/14/2026) (House)
- 2026-05-07: Committee recommends passage
- 2026-05-01: Scheduled for consideration (05/07/2026)
- 2026-04-29: Committee recommended measure be held for further study
- 2026-04-24: Scheduled for hearing and/or consideration (04/29/2026)
- 2026-04-03: Introduced, referred to House Municipal Government & Housing (House)

## Bill text

- H8403 - As Introduced, 2026-04-03: [HTML](https://webserver.rilegislature.gov/BillText26/HouseText26/H8403.htm), [PDF](https://webserver.rilegislature.gov/BillText26/HouseText26/H8403.pdf)

## Related bills

- H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS . (became law)
- H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY . (became law)
- H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT . (became law)
- H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN . (became law)
- H8525: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES . (became law)
- H8437: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION . (became law)

## Sources
- [H8403 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/HouseText26/H8403.htm)
- [H8403 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/HouseText26/H8403.pdf)

## Related
- [H8605: JOINT RESOLUTION MAKING AN APPROPRIATION TO PAY CERTAIN CLAIMS .](https://policyrisk.com/state-bill/RI-H8605-2026)
- [H8586: AN ACT RELATING TO HIGHWAYS -- RHODE ISLAND TURNPIKE AND BRIDGE AUTHORITY .](https://policyrisk.com/state-bill/RI-H8586-2026)
- [H8580: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT .](https://policyrisk.com/state-bill/RI-H8580-2026)
- [H8506: AN ACT RELATING TO TOWNS AND CITIES -- RELATING TO CENTRAL FALLS PENSION PLAN .](https://policyrisk.com/state-bill/RI-H8506-2026)
- [H8525: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .](https://policyrisk.com/state-bill/RI-H8525-2026)
- [H8437: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION .](https://policyrisk.com/state-bill/RI-H8437-2026)
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Source: PRIA, https://policyrisk.com/state-bill/RI-H8403-2026 (as of 2026-11-01).