---
type: "Bill"
title: "AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO FINANCE A CONTRIBUTION TOWARDS THE UNFUNDED PENSION LIABILITY OF THE EMPLOYEE RETIREMENT SYSTEM OF THE CITY OF PROVIDENCE BY THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $515,000,000 (Authorizes the city of Providence to finance a contribution towards the unfunded pension liability of the employee retirement system of the city of Providence by the issuance of bonds in the principal amount of $515,000,000.)"
description: "AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO FINANCE A CONTRIBUTION TOWARDS THE UNFUNDED PENSION LIABILITY OF THE EMPLOYEE RETIREMENT SYSTEM OF THE CITY OF PROVIDENCE BY THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $515,000,000 (Authorizes the city of Providence to finance a contribution towards the unfunded pension liability of the employee retirement system of the city of Providence by the issuance of bonds in the principal amount of $515,000,000.)"
jurisdiction: "us/states/ri"
legislature: "Rhode Island General Assembly"
session: "2022"
identifier: "SB 2321"
citation: "Rhode Island SB 2321 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Acosta", "Bell", "Cano", "Ciccone", "Goodwin", "Mack", "Quezada", "Zurier"]
version_count: 1
action_count: 16
vote_count: 1
first_action: "2022-02-15"
last_action: "2022-06-22"
source: "openstates"
source_identifier: "ocd-bill/448c9f70-57b2-42cd-b4f8-93a4b3fa9aca"
source_url: "https://status.rilegislature.gov/"
source_hash: "cfc20a4321cb96002a3bfef84a80d64eb0977956f6129e781f5ec1e73b8d1788"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ri"]
---

# Rhode Island SB 2321 (2022) — AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO FINANCE A CONTRIBUTION TOWARDS THE UNFUNDED PENSION LIABILITY OF THE EMPLOYEE RETIREMENT SYSTEM OF THE CITY OF PROVIDENCE BY THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $515,000,000 (Authorizes the city of Providence to finance a contribution towards the unfunded pension liability of the employee retirement system of the city of Providence by the issuance of bonds in the principal amount of $515,000,000.)

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **2321 SUB A** (committee substitute) — [source](http://webserver.rilin.state.ri.us/BillText/BillText22/SenateText22/S2321A.pdf)

## Votes

- IN CONCURRENCE — **53–9** (pass) · upper

## Sponsors

- Acosta — primary (person)
- Bell — primary (person)
- Cano — primary (person)
- Ciccone — primary (person)
- Goodwin — primary (person)
- Mack — primary (person)
- Quezada — primary (person)
- Zurier — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-02-15** 02/15/2022 Introduced, referred to Senate Finance `introduction, referral-committee`
- **2022-04-29** 04/29/2022 Scheduled for hearing and/or consideration (05/05/2022)
- **2022-05-04** 05/04/2022 Proposed Substitute `substitution`
- **2022-05-05** 05/05/2022 Committee recommended indefinite postponement
- **2022-05-05** 05/05/2022 Committee recommended Substitute A be held for further study `substitution`
- **2022-06-03** 06/03/2022 Scheduled for consideration
- **2022-06-06** 06/06/2022 Meeting postponed (06/07/2022)
- **2022-06-06** 06/06/2022 Scheduled for consideration (06/09/2022)
- **2022-06-08** 06/08/2022 Proposed Substitute `substitution`
- **2022-06-09** 06/09/2022 Committee recommends passage of Sub A `committee-passage-favorable`
- **2022-06-09** 06/09/2022 Placed on Senate Calendar (06/14/2022) `reading-3`
- **2022-06-14** 06/14/2022 Senate passed Sub A `passage`
- **2022-06-16** 06/16/2022 Placed on House Calendar (06/17/2022) `reading-3`
- **2022-06-17** 06/17/2022 House passed Sub A in concurrence `passage`
- **2022-06-17** 06/17/2022 Transmitted to Governor `executive-receipt`
- **2022-06-22** 06/22/2022 Signed by Governor `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/448c9f70-57b2-42cd-b4f8-93a4b3fa9aca`. Confidence: reported (aggregated from official Rhode Island legislature records).