AN ACT AUTHORIZING THE TOWN OF PORTSMOUTH TO ISSUE NOT TO EXCEED $41,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE CONSTRUCTION, ADDITIONS, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN

Summary

This bill allows the town of Portsmouth, Rhode Island, to borrow up to $41 million by issuing general obligation bonds. The funds will be used to construct, renovate, and equip schools and school facilities across the town. This authorization enables the municipality to finance necessary educational infrastructure improvements.

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