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2021 State Bond Project Updates

Learn about 2021 State Bond Project Updates for Rhode Island Investor Relations, including 2021 State Bond Project Updates.

2021 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.