2025 -- H 6191 | |
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LC002592 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2025 | |
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J O I N T R E S O L U T I O N | |
MAKING AN APPROPRIATION OF $10,000,000 TO THE RHODE ISLAND FOUNDATION | |
TO SUPPORT PUBLIC EDUCATION | |
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Introduced By: Representative Lauren H. Carson | |
Date Introduced: April 04, 2025 | |
Referred To: House Finance | |
1 | RESOLVED, That there is hereby appropriated to the RHODE ISLAND |
2 | FOUNDATION, a Rhode Island domestic nonprofit corporation, the sum of ten million dollars |
3 | ($10,00,000), out of any monies in the treasury not otherwise appropriated for fiscal year 2025- |
4 | 2026, for the Rhode Island Foundation (hereinafter sometimes referred to as the “Foundation”) to |
5 | support other education foundations within the state. The Rhode Island Foundation shall establish |
6 | an account wherein the funds from this appropriation shall be deposited as principal in an |
7 | interest-bearing account to generate funds in support of public education. Annually thereafter, |
8 | four percent (4%) of the principal amount shall be distributed by the Rhode Island Foundation to |
9 | education foundations which have been established by local public school districts; provided, as |
10 | follows: (1) Local education agency foundations shall register annually by September 1 to be |
11 | included in the distribution of funds from the Foundation, pursuant to this resolution, in the |
12 | following calendar year; and (2) These funds shall be distributed in accordance with criteria |
13 | adopted by the local education agency foundations for receipt of these funds and grant awards. |
14 | Provided further, these funds and distributions shall be used by the local public school education |
15 | foundations to distribute grants to teachers within the district to support, promote and enhance |
16 | innovative teaching and learning. The state controller is hereby authorized and directed to draw |
17 | their orders upon the general treasurer for the payment of said sum, or so much thereof as may be |
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1 | from time to time required, upon receipt of properly authenticated vouchers. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
J O I N T R E S O L U T I O N | |
MAKING AN APPROPRIATION OF $10,000,000 TO THE RHODE ISLAND FOUNDATION | |
TO SUPPORT PUBLIC EDUCATION | |
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1 | This joint resolution would authorize the appropriation of the sum of ten million dollars |
2 | ($10,000,000) to the Rhode Island Foundation, to generate funds to support public education |
3 | through distributions to local education agency foundations. |
4 | Local education agencies’ foundations shall register annually by September 1 to be |
5 | included in the distribution of funds from the Foundation, pursuant to this resolution, and funds |
6 | shall be distributed in accordance with criteria adopted by the local education agencies’ |
7 | foundations for receipt of these funds. |
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