Bill prohibiting 38 Studios payment to be heard - News, Weather and Classifieds for Southern New England

Bill prohibiting 38 Studios payment to be heard

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Legislation that would prevent Rhode Island from repaying the 38 Studios bonds is being taken up by a House committee, days before lawmakers will vote on repayment as part of the budget bill.

House Oversight Chairwoman Karen MacBeth last week all but challenged Speaker Nicholas Mattiello to bring her bill to a vote. She complained that it had not yet had a hearing and wanted him to order it to the floor.

A Finance Committee hearing has been scheduled for Tuesday.

The budget plan approved last week by the finance panel includes $12.3 million for the next bond payment in connection with the bankruptcy of ex-Red Sox pitcher Curt Schilling's 38 Studios. The company got a $75 million loan guaranteed by the state's economic development agency.

"As a standalone bill I expect it will be held for study, however (the bond payment) is already in the budget. Last year, there was an article in the budget that we didn't pass," she said.

MacBeth said if she loses the effort to pull the 38 Studios payment out of the budget, she fully expects her days of leading a committee will be over.

The Associated Press contributed to this report.

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