This joint resolution proposes to submit a ballot measure to the voters of Rhode Island during the general election on November 2026, seeking approval for the issuance of general obligation bonds totaling $100 million. The funds raised through these bonds will be allocated to the state's 2026 capital development program.

If the majority of voters approve the proposition, the state will be authorized to issue the bonds, which will be general obligations of the state and exempt from taxation. The resolution outlines the procedures for the issuance and management of the bonds. The initial sections of the resolution will take effect upon passage, while the remaining provisions will become effective only if the electorate approves the bond issuance.