SB 3242: AN ACT AUTHORIZING THE CHARIHO REGIONAL SCHOOL DISTRICT TO FINANCE THE CONSTRUCTION, FURNISHING AND EQUIPPING OF AN ELEMENTARY SCHOOL SERVING THE TOWNS OF CHARLESTOWN, RICHMOND AND HOPKINTON, CONSISTING OF ONE OR MORE BUILDINGS ON A SINGLE CAMPUS, AND IMPROVEMENTS AT THE SWITCH ROAD CAMPUS INCLUDING, BUT NOT LIMITED TO, COSTS OF LAND ACQUISITION, DEMOLITION, DESIGN, HEALTH AND SAFETY PROJECTS, PLAYGROUNDS, LANDSCAPING, PAVING, AND ALL EXPENSES INCIDENTAL THERETO, BY THE ISSUANCE OF NOT MORE THAN $116,000,000 BONDS AND/OR NOTES THEREFOR, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 61% AT THE TIME OF ISSUANCE, WHICH RATE OR RATIO MAY INCREASE TO 65% AT PROJECT COMPLETION
SB 3242 status: To Governor — 06/26/2026 Effective without Governor's signature (updated Jun 26, 2026).
OpenStates summary
What this bill does
Overall score


Bill summary
OfficialThis allows the Chariho School District to borrow up to $116 million to build and fully equip a new elementary school.
Key analysis
Impact analysis
Environment
Benefits
- Modern school construction often meets higher energy efficiency standards
Risks
- Potential environmental disruption from land acquisition and construction activities
Economy
Benefits
- Stimulates local construction and labor markets
- Improves regional public infrastructure
Risks
- Increases long-term debt burden for local taxpayers
- Fiscal reliance on state reimbursement levels
Society
Benefits
- Enhanced educational facilities for local students
- Supports regional community growth in Charlestown, Richmond, and Hopkinton
Risks
- No major social downsides identified
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Significant long-term fiscal responsibility for the Chariho Regional School District
Analysis based on abstract; full text and fiscal notes not provided
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
Current06/26/2026 Effective without Governor's signature
Enacted
UpcomingHow it affects your district
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