AN ACT AUTHORIZING THE TOWN OF JAMESTOWN TO FUND AFFORDABLE HOUSING PROJECTS AND TO ISSUE NOT MORE THAN $3,000,000 BONDS AND NOTES THEREFOR

Summary

The law authorizes the town of Jamestown to sell municipal bonds or short‑term notes, not exceeding $3 million total, to raise money for creating or acquiring affordable housing. The town council decides the terms and the finance director signs and manages the issuance. Proceeds may also be used to repay any temporary notes or advances made before the bonds are sold.

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