AN ACT IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $3,500,000 BONDS BY THE TOWN OF SCITUATE TO FINANCE CAPITAL PROJECTS AT THE SCITUATE SCHOOLS

This bill authorizes the town of Scituate to issue $3.5 million in bonds to fund construction and improvement projects at its local schools. The legislation allows the town to borrow this money through a specific state corporation to pay for necessary capital upgrades, a plan that was already approved by the town council and local voters. It includes a condition that any specific school projects funded by these bonds must first be approved by the Rhode Island Department of Education to qualify for potential state reimbursement. Once signed into law, the town can proceed with issuing the debt to finance these educational facilities.