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Rhode IslandS33232026 Regular SessionSenate

AN ACT AUTHORIZING THE CITY OF PAWTUCKET TO PROVIDE FOR THE CONSTRUCTION, RECONSTRUCTION, REPAIR AND EQUIPPING OF BRIDGES AND ALL COSTS INCIDENTAL OR RELATED THERETO AND AUTHORIZING THE FINANCING THEREOF, INCLUDING THE ISSUE OF NOT MORE THAN $2,000,000 BONDS AND NOTES THEREFOR, TO FUND THE CAPITAL IMPROVEMENT PROGRAM FOR THE TWO FISCAL YEARS 2028 AND 2029 .

Sponsored By: Meghan E. Kallman (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 0 costs, 2 mixed.

Bridge bonds backed by property taxes

The City of Pawtucket can borrow up to $2 million to build and fix bridges. Bond payments start within 3 years and end within 30 years, with annual payments. These bonds are a general obligation of the city. Each year, the city must budget enough to pay principal and interest. If it does not, the amount is added to the property tax levy with no cap on the tax rate or amount. Seven years after this law takes effect, the city council may cancel any unused borrowing authority.

Grants and legal steps for bonds

The city can apply for federal or state grants to help pay for the bridge work. Federal rules control if they conflict with state law. The treasurer and mayor can sign all papers needed to sell the bonds and follow federal tax and investor disclosure rules, including ongoing reports.

Voters must approve city borrowing

Pawtucket voters must approve this borrowing at the next general election, or at an earlier special election the mayor selects. The ballot must follow the set wording. The city clerk keeps the law available for public inspection until the vote.

Short-term notes and project cash rules

The city can issue short-term notes to cover costs before bonds or aid arrive. Notes must be paid within 5 years, and refundings cannot push total notes above 200% of the authorized bonds. With council approval, the treasurer can advance city funds to start work and repay them later without interest. The city may invest proceeds in FDIC-insured bank deposits or U.S. government obligations. Interest from bond sales pays the first interest bill, and allowed premiums and earnings can cover project costs or pay down debt. Any leftover money must go to the bonds.

Sponsors & Cosponsors

Sponsor

  • Meghan E. Kallman

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 103 • No: 0

House vote • 6/10/2026

PAWTUCKET - BONDS & NOTES PASSAGE IN CONCURRENCE

Yes: 68 • No: 0

Senate vote • 6/2/2026

THE CITY OF PAWTUCKET -- BONDS Passage

Yes: 35 • No: 0

Actions Timeline

  1. Signed by Governor

    6/23/2026Governor

  2. Transmitted to Governor

    6/18/2026Governor

  3. House passed in concurrence

    6/10/2026House

  4. Placed on the House Consent Calendar (06/10/2026)

    6/8/2026House

  5. Senate read and passed

    6/2/2026Senate

  6. Placed on Senate Calendar (06/02/2026)

    5/29/2026Senate

  7. Committee recommends passage

    5/28/2026

  8. Scheduled for hearing and/or consideration (05/28/2026)

    5/26/2026

  9. Introduced, referred to Senate Housing and Municipal Government

    5/26/2026Senate

Bill Text

  • S3323 - As Introduced

    5/26/2026

    HTMLPDF

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