| LA 031 |
| 2024 -- S 3091 Enacted 06/17/2024 |
| A N A C T |
| 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 |
Introduced By: Senator Gordon E. Rogers |
| Date Introduced: May 24, 2024 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. As is authorized by the town council by resolution dated May 9, 2024 and as |
| has been approved or will be considered for approval by the electors of the town at the financial |
| town meeting held on June 4, 2024, as may be adjourned, and § 45-12-2, the town of Scituate is |
| hereby empowered, in addition to authority previously granted, to issue its general obligation bonds |
| and notes to an amount not exceeding three million five hundred thousand dollars ($3,500,000) at |
| one time or from time to time under its corporate name and seal or a facsimile of such seal to |
| finance capital projects at the Scituate schools, including making all necessary contracts and |
| agreements to issue said bonds and/or notes through the Rhode Island health and educational |
| building corporation. |
| SECTION 2. In accordance with § 16-7-44, the principal and interest on such bonds shall |
| be eligible for state housing aid reimbursement. |
| SECTION 3. This act shall constitute an enabling act of the general assembly that is |
| required pursuant to § 16-7-44 and shall take effect upon passage. Any bonds, notes of other |
| evidences of indebtedness issued under this act for school projects shall not be eligible for state aid |
| reimbursement pursuant to § 16-7-44 unless the school projects described herein shall have been |
| approved by the Rhode Island department of education. |
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| LC006165 |
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