The bill amends Chapter 80 of the Public Laws of 1965, which governs the Exeter-West Greenwich Regional School District in Rhode Island. It revises the process for determining compensation for committee members, now to be decided by an all-day referendum rather than at the regional school district financial meeting. The bill also changes the composition of the regional district school building committee from twelve to eight members, ensuring equal representation from both towns, and specifies the selection process for these members. Additionally, it expands the committee's duties to include securing services for construction and improvement of school facilities, and defines the term of the building committee to last until the completion and acceptance of authorized projects, with a possible one-year extension.

The bill introduces a new method for calculating the apportionment of construction and operating costs, which will be based on a five-year rolling enrollment average starting with the 2023 fiscal year. It also lowers the threshold for initiating an amendment proposal to the agreement between the towns from 10% to 5% of the registered voters and establishes a charter review subcommittee for reviewing and recommending amendment proposals. Amendments must be approved by both member town councils and a majority vote in a combined referendum of the member towns. The act will take effect upon passage.