Question 3: Economic and Infrastructure Development Bond Measure

Shall the action of the general assembly, by an act passed at the January 2026 session, authorizing the issuance of bonds, refunding bonds, and temporary notes of the State of Rhode Island for the capital projects and in the amount with respect to each such project listed below be approved, and the issuance of bonds, refunding bonds, and/or temporary notes authorized in accordance with the provisions of said act?

Economic Development $100,000,000

Approval of this question will allow the State to issue general obligation bonds, refunding bonds, and/or temporary notes in an amount not to exceed one hundred million dollars ($100,000,000) for economic development purposes to fund site development and growth industry infrastructure, to be allocated as follows:

(a) Site Development $55,000,000

Provides fifty-five million dollars ($55,000,000) for land acquisition or assembly, environmental remediation, infrastructure and utility installation, site preparation or development, and project investments. Eligible uses include, but are not limited to, large-scale industrial site development to create pad-ready locations and/or facilities, infrastructure improvements and investments within the Quonset Business Park, and land acquisition, preparation, and project investments within the I-195 District.

(b) Growth Industry Infrastructure $45,000,000

Provides forty-five million dollars ($45,000,000) for infrastructure, facilities, projects, and investments that support Rhode Island's ocean, defense, life sciences, data analytics and related industries. Eligible uses include, but are not limited to, water-based test ranges and onshore ocean or defense-related innovation/production facilities, as well as facilities, projects, and investments that advance businesses and job growth in the life sciences.