Rhode Island H7813 authorizes a $10,000,000 appropriation to the Rhode Island Foundation to support public education over five years.

Rhode Island H7813 authorizes the appropriation of $10,000,000 to the Rhode Island Foundation to support public education through distributions to local education agency foundations. The funds will be disbursed over five years, with $2,000,000 allocated annually. The Rhode Island Foundation will establish an interest-bearing account to generate funds. Four percent of the principal amount will be distributed annually to education foundations established by local public school districts.

Rhode Island H7813 authorizes a $10,000,000 appropriation to the Rhode Island Foundation to support public education over five years.

Rhode Island H7813 authorizes the appropriation of $10,000,000 to the Rhode Island Foundation to support public education through distributions to local education agency foundations. The funds will be disbursed over five years, with $2,000,000 allocated annually. The Rhode Island Foundation will establish an interest-bearing account to generate funds. Four percent of the principal amount will be distributed annually to education foundations established by local public school districts.