The bill amends the Rhode Island Life Science Hub Act and the I-195 Redevelopment Act of 2011, primarily restructuring the governance of the Rhode Island Life Science Hub. It establishes the hub as an independent public corporation with a board of directors that now consists of seventeen members, an increase from the previous sixteen. The board will include fifteen members appointed by the governor, one member who is the president and chief executive officer of the hub, and one member who is the chairperson of the I-195 redevelopment district commission. The president and chief executive officer of the hub and the chairperson of the I-195 redevelopment district commission will serve ex officio and will not be voting members of the board of directors.

Additionally, the bill modifies the I-195 redevelopment district commission by increasing the number of ex officio non-voting members from two to three, adding the chair of the Rhode Island Life Sciences Hub. The act clarifies the appointment process and responsibilities of commission members. The act will take effect upon passage, aiming to improve the governance and operational efficiency of both the Rhode Island Life Science Hub and the I-195 redevelopment district commission.

Statutes affected:
8529: 23-99-4
8529  SUB A: 23-99-4, 42-64.14-6