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Rhode Island faced with bond issue questions this fall

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July 14, 2010

PROVIDENCE, Rhode Island: Three Rhode Island ballot measures on this fall's general election ballot will ask voters to allow authorization of general obligation bonds for specific state projects. The three proposals were sent to the ballot by the Rhode Island Legislature on June 4, 2010 and will be placed before voters on November 2, 2010.[1]

One measure would ask voters allow the state to issue general obligation bonds for the construction of a new chemistry building at the University of Rhode Island. The bonds for that project could not exceed $61 million. Other bonds, totaling $17 million, would be for the renovation and addition to the Art Center at Rhode Island College.

The second measure would allow the state to issue general obligation bonds to match federal funds to improve state highways, roads and bridges. The amount would not exceed $80 million. Another $4.7 million would be used to buy and improve buses for the Rhode Island Public Transit Authority's bus fleet.

The last measure would The measure would allow the state to issue general obligation bonds to acquire title to land in and around what used to be Rocky Point Park to establish the land as a public park. The money for the project would not exceed $10 million. $1.5 million would also be used to renovate Fort Adams State Park in the city of Newport.

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