(401) 831-3770

Financing Facilities for a Better Future

Statewide School Construction Bond: Incentives and Pay-As-You-Go Guidance

The School Building Authority (SBA) at RIDE has prepared and posted draft guidance document regarding the Statewide School Construction Bond. The guidance document includes information about applicability of and requirement for each of the six temporary bonus incentives and the one permanent bonus incentive, as well as an overview of the disbursement mechanism for the upfront funding associated with the $250 million School Construction Bond approved by voters in November 2018. 

The SBA is seeking feedback on the draft guidance by Friday, February 8.  

We will continue to use the field memo to send updated guidance documents and additional information about the School Construction Bond.  Please contact Christine Lopes Metcalfe, Chief Executive Officer of the School Building Authority, at christine.lopesmetcalfe@ride.ri.gov with any questions.