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

The act lets the town of Portsmouth sell general‑obligation bonds and notes, not exceeding $41 million, to pay for building, renovating, and equipping school facilities. Bonds can be issued only after the Rhode Island Department of Education approves the projects and state‑aid conditions are met. Voters must approve the authority in a November 2026 election before any bonds can be issued.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share