The bill amends Section 42-64-14.1 of the General Laws concerning the Rhode Island Commerce Corporation, specifically regarding the approval process for oil refinery and nuclear plant projects. The new legal language establishes that the exclusive jurisdiction to approve or deny project plans for the construction of oil refineries is reserved solely for the General Assembly. The bill removes the requirement for the General Assembly's approval for nuclear plant projects, thereby limiting its jurisdiction to oil refinery projects only. This change signifies a shift in regulatory authority, as it explicitly states that the General Assembly's approval is necessary for oil refinery projects, while nuclear plant projects are no longer subject to this requirement. The act is set to take effect immediately upon passage.

Statutes affected:
5033: 42-64-14.1