# Rhode Island S3242: AN ACT AUTHORIZING THE CHARIHO REGIONAL SCHOOL DISTRICT TO FINANCE THE CONSTRUCTION, FURNISHING AND EQUIPPING OF AN ELEMENTARY SCHOOL SERVING THE TOWNS OF CHARLESTOWN, RICHMOND AND HOPKINTON, CONSISTING OF ONE OR MORE BUILDINGS ON A SINGLE CAMPUS, AND IMPROVEMENTS AT THE SWITCH ROAD CAMPUS INCLUDING, BUT NOT LIMITED TO, COSTS OF LAND ACQUISITION, DEMOLITION, DESIGN, HEALTH AND SAFETY PROJECTS, PLAYGROUNDS, LANDSCAPING, PAVING, AND ALL EXPENSES INCIDENTAL THERETO, BY THE ISSUANCE OF NOT MORE THAN $116,000,000 BONDS AND/OR NOTES THEREFOR, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 61% AT THE TIME OF ISSUANCE, WHICH RATE OR RATIO MAY INCREASE TO 65% AT PROJECT COMPLETION .

Rhode Island S3242, AN ACT AUTHORIZING THE CHARIHO REGIONAL SCHOOL DISTRICT TO FINANCE THE CONSTRUCTION, FURNISHING AND EQUIPPING OF AN ELEMENTARY SCHOOL SERVING THE TOWNS OF CHARLESTOWN, RICHMOND AND HOPKINTON, CONSISTING OF ONE OR MORE BUILDINGS ON A SINGLE CAMPUS, AND IMPROVEMENTS AT THE SWITCH ROAD CAMPUS INCLUDING, BUT NOT LIMITED TO, COSTS OF LAND ACQUISITION, DEMOLITION, DESIGN, HEALTH AND SAFETY PROJECTS, PLAYGROUNDS, LANDSCAPING, PAVING, AND ALL EXPENSES INCIDENTAL THERETO, BY THE ISSUANCE OF NOT MORE THAN $116,000,000 BONDS AND/OR NOTES THEREFOR, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 61% AT THE TIME OF ISSUANCE, WHICH RATE OR RATIO MAY INCREASE TO 65% AT PROJECT COMPLETION ., is a 2026 Regular Session Senate bill sponsored by Victoria Gu (Democratic); status became law, last action 2026-06-26 (Effective without Governor's signature) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/RI-S3242-2026
- 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 S3242
- State: Rhode Island
- Session: 2026 Regular Session
- Title: AN ACT AUTHORIZING THE CHARIHO REGIONAL SCHOOL DISTRICT TO FINANCE THE CONSTRUCTION, FURNISHING AND EQUIPPING OF AN ELEMENTARY SCHOOL SERVING THE TOWNS OF CHARLESTOWN, RICHMOND AND HOPKINTON, CONSISTING OF ONE OR MORE BUILDINGS ON A SINGLE CAMPUS, AND IMPROVEMENTS AT THE SWITCH ROAD CAMPUS INCLUDING, BUT NOT LIMITED TO, COSTS OF LAND ACQUISITION, DEMOLITION, DESIGN, HEALTH AND SAFETY PROJECTS, PLAYGROUNDS, LANDSCAPING, PAVING, AND ALL EXPENSES INCIDENTAL THERETO, BY THE ISSUANCE OF NOT MORE THAN $116,000,000 BONDS AND/OR NOTES THEREFOR, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 61% AT THE TIME OF ISSUANCE, WHICH RATE OR RATIO MAY INCREASE TO 65% AT PROJECT COMPLETION .
- Status: became law
- Chamber: Senate
- Introduced: 2026-05-01
- Last action: 2026-06-26, Effective without Governor's signature
- Sponsor: Victoria Gu (Democratic)
- Cosponsors: 0
- Touches household money: no
- Roll calls: 2 (105 yes, 1 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Grants, fewer approvals, valid bonds: benefit, low. The district can apply for and use federal or state grants or advances for the project, and repay them as project costs. It does not need extra agency approvals beyond what this act requires to issue the bonds. Bonds remain valid even if the officials who signed them leave office before delivery.
- Rules for how the district borrows: benefit, low. The district can choose different bond types and must start principal payments within 5 years and finish within 30 years. Short‑term notes must be repaid within 5 years, and refunding notes outstanding cannot exceed 200% of the bond authorization. The treasurer may advance district funds for the pr…
- New Chariho elementary with state aid: mixed, high. The law lets the Chariho Regional School District borrow up to $116 million to build and equip a new elementary school and improve the Switch Road campus. The state must commit to cover at least 61% of eligible costs when bonds are issued, and that share can rise to 65% at project completion. The d…

## Sponsors and cosponsors

- Sponsor: Victoria Gu (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-06-10 | House | CHARIHO REG SCHOOL-BONDS & NOTES PASSAGE IN CONCURRENCE | pass | 68 | 0 |   |
| 2026-05-12 | Senate | AUTHORIZING THE CHARIHO REGIONAL SCHOOL DISTRICT -- BONDS Passage | pass | 37 | 1 |   |

## Actions (12)

- 2026-06-26: Effective without Governor's signature (Governor)
- 2026-06-18: Transmitted to Governor (Governor)
- 2026-06-10: House passed in concurrence (House)
- 2026-06-10: Placed on the House Consent Calendar (06/10/2026) (House)
- 2026-06-09: Committee recommends passage in concurrence
- 2026-06-07: Scheduled for consideration (06/09/2026)
- 2026-05-13: Referred to House Finance (House)
- 2026-05-12: Senate read and passed (Senate)
- 2026-05-08: Placed on Senate Calendar (05/12/2026) (Senate)
- 2026-05-07: Committee recommends passage
- 2026-05-01: Scheduled for hearing and/or consideration (05/07/2026)
- 2026-05-01: Introduced, referred to Senate Housing and Municipal Government (Senate)

## Bill text

- S3242 - As Introduced, 2026-05-01: [HTML](https://webserver.rilegislature.gov/BillText26/SenateText26/S3242.htm), [PDF](https://webserver.rilegislature.gov/BillText26/SenateText26/S3242.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)
- S3333: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT . (became law)
- S3315: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES . (became law)
- S3293: AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION . (became law)

## Sources
- [S3242 - As Introduced (HTML)](https://webserver.rilegislature.gov/BillText26/SenateText26/S3242.htm)
- [S3242 - As Introduced (PDF)](https://webserver.rilegislature.gov/BillText26/SenateText26/S3242.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)
- [S3333: AN ACT RELATING TO THE NORTH TIVERTON FIRE DISTRICT .](https://policyrisk.com/state-bill/RI-S3333-2026)
- [S3315: AN ACT RELATING TO TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES .](https://policyrisk.com/state-bill/RI-S3315-2026)
- [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-S3242-2026 (as of 2026-11-01).