# Rhode Island S2674: AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FUND THE PROVIDENCE HOUSING TRUST FUND TO FINANCE AFFORDABLE MULTI-FAMILY HOUSING PROJECTS IN THE CITY . Rhode Island S2674, AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FUND THE PROVIDENCE HOUSING TRUST FUND TO FINANCE AFFORDABLE MULTI-FAMILY HOUSING PROJECTS IN THE CITY ., is a 2026 Regular Session Senate bill sponsored by Jacob Bissaillon (Democratic); status signed, last action 2026-06-19 (Signed by Governor) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/RI-S2674-2026 - 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 S2674 - State: Rhode Island - Session: 2026 Regular Session - Title: AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FUND THE PROVIDENCE HOUSING TRUST FUND TO FINANCE AFFORDABLE MULTI-FAMILY HOUSING PROJECTS IN THE CITY . - Status: signed - Chamber: Senate - Introduced: 2026-02-27 - Last action: 2026-06-19, Signed by Governor - Sponsor: Jacob Bissaillon (Democratic) - Cosponsors: 5 - Touches household money: no - Roll calls: 2 (107 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Providence housing bonds with tax pledge: mixed, medium. The law puts a city ballot question on November 3, 2026. If voters approve, Providence can issue up to $25 million in general obligation bonds and notes to fund the Providence Housing Trust Fund for affordable multi‑family homes. Bond money must go to the Trust Fund and related costs, like paying s… - Flexible rules for city bond sales: mixed, low. The city may structure bonds as serial or term, with first principal due within 5 years and final within 30. It can issue zero‑coupon and capital appreciation bonds; any later appreciation counts as interest for debt‑limit rules. The council can issue short‑term notes while waiting for bonds or aid… - City advances and outside aid for housing: mixed, low. With council approval, the treasurer can advance city funds to start projects before bond or grant money arrives. These advances are repaid without interest from bonds, federal or state aid, or other funds. The city may apply for and spend federal or state grants or advances for these housing proje… ## Sponsors and cosponsors - Sponsor: Jacob Bissaillon (Democratic), Senate - Cosponsor: Samuel W. Bell (Democratic), Senate - Cosponsor: Frank A. Ciccone, III (Democratic), Senate - Cosponsor: Stefano V. Famiglietti (Democratic), Senate - Cosponsor: Meghan E. Kallman (Democratic), Senate - Cosponsor: Tiara T. Mack (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-06-08 | House | PROVIDENCE BONDS AND NOTES PASSAGE IN CONCURRENCE | pass | 69 | 0 | | | 2026-05-26 | Senate | THE CITY OF PROVIDENCE -- BONDS Passage | pass | 38 | 0 | | ## Actions (11) - 2026-06-19: Signed by Governor (Governor) - 2026-06-16: Transmitted to Governor (Governor) - 2026-06-08: House passed in concurrence (House) - 2026-06-05: Placed on the House Consent Calendar (06/08/2026) (House) - 2026-05-26: Senate read and passed (Senate) - 2026-05-20: Placed on Senate Calendar (05/26/2026) (Senate) - 2026-05-19: Committee recommends passage - 2026-05-15: Scheduled for consideration (05/19/2026) - 2026-05-12: Committee heard - 2026-05-08: Scheduled for hearing and/or consideration (05/12/2026) - 2026-02-27: Introduced, referred to Senate Finance (Senate) ## Bill text - S2674 - As Introduced, 2026-02-27: [HTML](https://webserver.rilegislature.gov/BillText26/SenateText26/S2674.htm), [PDF](https://webserver.rilegislature.gov/BillText26/SenateText26/S2674.pdf) ## Related bills - S3047: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- DISTRICT COURT PRACTICE . (became law) - 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) ## Sources - [S2674 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/SenateText26/S2674.htm) - [S2674 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/SenateText26/S2674.pdf) ## Related - [S3047: AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- DISTRIC…](https://policyrisk.com/state-bill/RI-S3047-2026) - [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) - [Rhode Island bills](https://policyrisk.com/states/rhode-island/bills) - [Rhode Island state hub](https://policyrisk.com/states/rhode-island) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/RI-S2674-2026 (as of 2026-11-01).