Chapter 177

2009 -- S 0910

Enacted 07/15/09

A N A C T

IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS SECTION 16-7-44 APPROVING THE ISSUANCE OF $30,000,000 BONDS BY THE TOWN OF WESTERLY TO FINANCE THE RENOVATION, REHABILITATION, REPAIR, IMPROVEMENT, FURNISHING AND EQUIPPING OF THE WESTERLY HIGH SCHOOL

Introduced By: Senator Dennis L. Algiere

Date Introduced: May 13, 2009

It is enacted by the General Assembly as follows:

SECTION 1. As previously authorized by section 2-1-9(h)(2) of the Westerly Town

Charter, a resolution of the Town Council adopted August 4, 2008, a vote of the electorate on

November 4, 2008 and Rhode Island General Laws section 45-12-2, the town of Westerly is

hereby empowered, in addition to authority previously granted, to issue bonds to an amount not

exceeding thirty million dollars ($30,000,000), or such lesser amount as is determined by

resolution of the town council, from time to time under its corporate name and seal.

SECTION 2. In accordance with section 16-7-44 of the general laws, the interest on such

bonds shall be eligible for state housing aid reimbursement.

SECTION 3. This act shall take effect upon passage.

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LC02584

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