PUBLIC FINANCE -- REVENUE ESTIMATING CONFERENCES, the official text

H7247 2026 -- H 7247 ======== LC003768 ======== STATE OF RHODE ISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ A N A C T RELATING TO PUBLIC FINANCE -- REVENUE ESTIMATING CONFERENCES Introduced By: Representatives J. Lombardi, and Hull Date Introduced: January 21, 2026 Referred To: House Finance It is enacted by the General Assembly as follows: 1 SECTION 1. Section 35-16-2 of the General Laws in Chapter 35-16 entitled Revenue 2 Estimating Conferences is hereby amended to read as follows: 3 35-16-2. Meetings. 4 (a) The principals of the R.E.C. shall meet within the first ten (10) days of May and last 5 ten (10) days of April and the first ten (10) days of November of each year. 6 (b) The primary purpose of regularly scheduled conferences is to prepare economic 7 forecasts and forecast revenue estimates and review current revenue collections under current tax 8 law. The conference principals can agree, however, to address special legislation or special topics. 9 (c) Prior to each R.E.C., the principals will determine the documentation and information 10 necessary to support that conference. 11 (d) No votes will be taken in the revenue estimating conferences. These are truly consensus 12 conferences and all principals must agree and are bound to the conference recommendations. 13 SECTION 2. This act shall take effect upon passage. ======== LC003768 ======== EXPLANATION BY THE LEGISLATIVE COUNCIL OF A N A C T RELATING TO PUBLIC FINANCE -- REVENUE ESTIMATING CONFERENCES *** 1 This act would change the timeframe of the Revenue Estimating Conferences meeting to 2 within the last ten (10) days of April and the first ten (10) days of November of each year. 3 This act would take effect upon passage. ======== LC003768 ======== LC003768 - Page 2 of 2