Stimulus money to pay interest on some RI school bonds

According to the ProJo, RI’s government has, “approved the allocation of $44.4 million in interest-free bonds from the American Recovery and Reinvestment Act.”

The districts approved to issue interest-free bonds allocation are:
Central Falls, $7.8 million
Chariho, $4.8 million
Compass Charter School, (South Kingstown) $1.6 million
South Kingstown, $78,000
Warwick, $3.9 million
and Westerly, $3.9 million

Providence was not forgotten as it received a “separate interest-free award of $22.3 million, an award based on its size and poverty level.”

Le plein article


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