The bill proposes an amendment to Chapter 46-15 of the General Laws, specifically related to "Water Resources Management." It introduces a new section, 46-15-24, which mandates that 20% of all rental fees collected by the water resources board from a lease agreement with the Coventry Pines Golf Club or a memorandum of understanding with the town of Coventry must be distributed as follows: 10% to the town of Coventry and 10% to the Central Coventry Fire District.

The bill specifies the allocation of the rental fees and ensures that both the local municipality and the fire district benefit from the revenues generated by the water resources board's agreements. The act is set to take effect immediately upon passage. No deletions from the current law are mentioned in the provided text.