2022 -- H 7923 | |
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LC005166 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2022 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - RHODE ISLAND COMMERCE | |
CORPORATION -EMERGENT TECHNOLOGY | |
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Introduced By: Representatives Tobon, and Barros | |
Date Introduced: March 07, 2022 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Chapter 42-64 of the General Laws entitled "Rhode Island Commerce |
2 | Corporation" is hereby amended by adding thereto the following section: |
3 | 42-64-42. Emergent technology fund. |
4 | (a) There is hereby established an emergent technology fund to be administered by the |
5 | commerce corporation. The purpose of the fund is to establish grants to emergent technology |
6 | developers, with a specific focus on developing technology that coordinates with climate change |
7 | efforts throughout state agencies to reduce emissions, strengthen the resilience of communities and |
8 | infrastructure, and prepare for the effects on climate change, including, but not limited to, |
9 | coordinating vulnerability assessments throughout state government. |
10 | (b) Applicants for grants shall be a state resident, a state agency or a municipality. Public- |
11 | private partnerships should be encouraged. |
12 | (c) Commencing in fiscal year 2023, the general assembly shall appropriate, on an annual |
13 | basis, the sum of one million dollars ($1,000,000) per year for ten (10) consecutive years. |
14 | (d) The commerce corporation is authorized to make and promulgate such rules and |
15 | regulations as it deems necessary for the proper administration of this section and to carry out the |
16 | purposes thereof. |
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1 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - RHODE ISLAND COMMERCE | |
CORPORATION -EMERGENT TECHNOLOGY | |
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1 | This act would establish a fund under the administration of the Rhode Island Commerce |
2 | Corporation to establish grants to emergent technology developers with the focus being on |
3 | technologies that assist in reducing emissions and achieving the goals of the Act on Climate. This |
4 | act would fund the grants at the rate of one million dollars ($1,000,000) for a period of ten (10) |
5 | years. |
6 | This act would take effect upon passage. |
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