State Bond Project Updates

State of Rhode Island 

Spring 2021 GO Bond Issuance

New Money Bonds - $135.9* million for projects, including:

• • K-12 School Buildings and Early Childhood Care and Education
  • Affordable Housing
  • Highway Improvement Program
  • Environmental Projects (Coastal Resiliency, Wastewater Treatment Facility Resilience Projects, Stormwater Pollution, Brownfields Remediation, Dam Repair, Clean Water/Drinking Water Projects, Flood Control)
  • $53.5* million of projects from the recently passed bond referendum

New Money Bond Structure

• • 2021 Series A (Tax-Exempt): $120.4* million with final maturity of 20 years
  • 2021 Series B (Federally Taxable): $15.5* million with final maturity of 10 years
  • Refunding of $80.7* million of outstanding G.O. Bonds to generate debt service savings

*Preliminary, subject to change.  For more information, see the Preliminary Official Statement dated April 9, 2021.