Rhode Island S3021 proposes a constitutional amendment to restrict state debt without legislative and voter approval.

Rhode Island S3021 proposes a constitutional amendment to restrict state debt. It would prevent any department, authority, corporation, or quasi-public corporation created by the state from incurring debts over $50,000 without explicit approval from both the general assembly and the voters. This amendment aims to ensure fiscal responsibility by requiring higher-level consent for significant state debts.

Rhode Island S3021 proposes a constitutional amendment to restrict state debt without legislative and voter approval.

Rhode Island S3021 proposes a constitutional amendment to restrict state debt. It would prevent any department, authority, corporation, or quasi-public corporation created by the state from incurring debts over $50,000 without explicit approval from both the general assembly and the voters. This amendment aims to ensure fiscal responsibility by requiring higher-level consent for significant state debts.