The bill authorizes the Town of Burrillville to issue bonds not exceeding $6,400,000 to finance various school-related projects. These projects include construction, renovation, improvement, alteration, repair, landscaping, furnishing, and equipping of schools and school facilities within the town, along with all related expenses such as engineering and architectural costs. The bill stipulates that the bonds must be issued under the town's corporate name and seal, in accordance with the Burrillville Home Rule Charter and Rhode Island General Laws §45-12-2.

Furthermore, the bill ensures that the principal and interest on the issued bonds will be eligible for state housing aid reimbursement, as long as the bonds are issued through the Rhode Island Health and Educational Building Corporation. This eligibility is in line with § 16-7-44 of the general laws. The bill also confirms that the project, which received approval from the Council on Elementary and Secondary Education on or about December 19, 2023, will remain eligible for school housing aid. The act serves as the enabling act required by Rhode Island General Laws § 16-7-44 and will take effect upon passage. There are no insertions or deletions marked in the provided text.