| LA 018 |
| 2024 -- S 2862 Enacted 05/31/2024 |
| A N A C T |
| IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS § 16-7-44, APPROVING THE ISSUANCE OF $6,400,000 BONDS BY THE TOWN OF BURRILLVILLE TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN, AND ALL ATTENDANT EXPENSES INCLUDING, BUT NOT LIMITED TO, ENGINEERING AND ARCHITECTURAL COSTS |
Introduced By: Senator Jessica de la Cruz |
| Date Introduced: March 22, 2024 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. The Town of Burrillville is authorized and empowered to issue bonds to an |
| amount not exceeding six million four hundred thousand dollars ($6,400,000), from time to time |
| under its corporate name and seal, pursuant to a resolution to be adopted by the Town in accordance |
| with Section 3.14(L) of the Burrillville Home Rule Charter and Rhode Island General Laws §45- |
| 12-2 to finance the construction, renovation, improvement, alteration, repair, landscaping, |
| furnishing and equipping of schools and school facilities throughout the Town, and all attendant |
| expenses including, but not limited to, engineering and architectural costs. |
| SECTION 2. In accordance with § 16-7-44 of the general laws, the principal of and interest |
| on such bonds shall be eligible for state housing aid reimbursement; provided that, the bonds are |
| issued through the Rhode Island Health and Educational Building Corporation. |
| SECTION 3. This project, which was approved by the Council on Elementary and |
| Secondary Education on or about December 19, 2023, shall be and remain eligible for school |
| housing aid. |
| SECTION 4. This act serves as the enabling act required by Rhode Island General Laws § |
| 16-7-44 and shall take effect upon passage. |
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| LC005649 |
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