A bill to provide East Providence a $12.6 million advance on state education aid to prevent it from running out of cash Friday is headed for Rhode Island’s Senate.

The House on Thursday overwhelmingly approved a measure authorizing state-appointed budget oversight commissions, such as the new one in East Providence to certify to the state Department of Revenue the need for such advances.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.