The bill amends Section 39-18.1-5 of the General Laws under the "Transportation Investment and Debt Reduction Act of 2011" to establish a structured allocation of funds from the Rhode Island highway maintenance account. It specifies that starting July 1, 2025, through June 30, 2026, ten percent (10%) of available proceeds will be allocated annually to the Rhode Island Public Transit Authority (RIPTA) for operating expenditures. This allocation will increase to twenty percent (20%) starting July 1, 2026.

Additionally, the bill includes a provision that from July 1, 2017, and annually thereafter, RIPTA will receive a minimum of five million dollars each fiscal year, with the exception of the period from July 1, 2019, to June 30, 2022, when this amount may be supplemented by federal coronavirus relief funds. The act is set to take effect upon passage.

Statutes affected:
2095: 39-18.1-5