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 act authorizes the town of Jamestown to sell municipal bonds or short‑term notes, not exceeding $3 million, and to use the proceeds for acquiring land and developing affordable housing. It directs the town council and finance director to set bond terms, manage the funds, and repay the debt from bond proceeds, temporary notes, or advances. This provides a financing tool to increase the town’s supply of affordable homes.

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