The bill proposes an amendment to Chapter 37-7 of the General Laws, specifically adding a new section, 37-7-16, which deals with the disposition of property by public ambulance services or state-chartered fire districts upon their dissolution. The key provision of the bill is the requirement for these entities to offer their unencumbered real or tangible property to the municipality in which they are located at fair market value before they can liquidate or dispose of it in any other way. This insertion into the current law ensures that the local municipality has the first opportunity to acquire the property.

The bill is concise and straightforward, with its primary intent being to regulate the process by which public ambulance services or state-chartered fire districts handle their property if they are dissolved. There are no deletions from the current law mentioned in the text provided. The act would become effective immediately upon passage, as stated in Section 2 of the bill.