Rhode Island S2804 allows local governments to use grant funds for insurability planning.

Rhode Island S2804 amends the state's infrastructure bank laws to allow local governments to use grant funds from the OSCAR fund and the resilient Rhode Island infrastructure fund for insurability planning. This includes efforts to ensure a property's insurability and investments in insurance and alternative methods of risk transfer to reduce costs associated with catastrophic event recovery. The bill takes effect upon passage.

Rhode Island S2804 allows local governments to use grant funds for insurability planning.

Rhode Island S2804 amends the state's infrastructure bank laws to allow local governments to use grant funds from the OSCAR fund and the resilient Rhode Island infrastructure fund for insurability planning. This includes efforts to ensure a property's insurability and investments in insurance and alternative methods of risk transfer to reduce costs associated with catastrophic event recovery. The bill takes effect upon passage.