Rhode Island Code of Regulations Title 830 - Infrastructure Bank
The Rhode Island Code of Regulations Title 830 - Infrastructure Bank primarily outlines the regulations, policies, and procedures governing the operations and various programs of the Rhode Island Infrastructure Bank (RIIB).
The RIIB is a quasi-public corporation that plays a crucial role in financing and supporting infrastructure projects across the state of Rhode Island.
Purpose of Title 830:
The overarching purpose of Title 830 is to:
Establish a framework for the RIIB's operations: This includes general administration, such as procedures for public hearings and requests for rulemaking.
Govern the provision of financial assistance: The RIIB offers various forms of financial aid, including loans and grants, for a wide range of infrastructure projects.
Detail the policies and procedures for specific programs: Title 830 covers various subchapters dedicated to different areas of infrastructure development.
Key Subchapters and Programs Covered:
Title 830 is organized into several subchapters, each addressing a specific area of the RIIB's functions and programs. Some of the notable subchapters and programs include:
General Administration: Covers the operational procedures of the RIIB, including how public hearings are conducted and how individuals or entities can petition for the promulgation of rules.
Energy: Likely relates to programs supporting energy efficiency and renewable energy projects, such as the Efficient Buildings Fund and the Clean Energy Fund.
Water: Includes regulations for programs like the Clean Water State Revolving Fund and Drinking Water State Revolving Fund, which provide financing for water quality and supply projects.
Septic and Sewer: Addresses financing for improvements related to septic and sewer systems.
Roads and Bridges: Covers programs related to the development and maintenance of transportation infrastructure.
Environment: Includes regulations for programs like the Brownfields Revolving Loan Fund, which supports the remediation and redevelopment of contaminated sites.
Municipal Infrastructure Grant Program: Outlines the policies for grants provided to municipalities for various infrastructure needs.
Ocean State Climate Adaptation and Resilience Fund (OSCAR): Jointly promulgated with other state agencies, this fund provides grants for projects aimed at addressing climate change impacts and enhancing resilience.
Municipal Resilience Program (MRP): Focuses on providing financial assistance for projects that help communities identify hazards and improve their resilience to climate change impacts like flooding and storms.
Commercial Property Assessed Clean Energy (C-PACE): A voluntary financing mechanism for commercial property owners to fund energy upgrades and other eligible environmental improvements.
In essence, Title 830 serves as the regulatory backbone for the Rhode Island Infrastructure Bank, ensuring transparency, accountability, and effective implementation of its mission to support and finance critical infrastructure projects across the state.
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