The bill amends the charter of the Harrisville Fire District, expanding its purpose to include providing rescue services and authorizing it to furnish and distribute light and power solely for streetlights, while removing its authority to procure, distribute, and sell water, light, and power for other purposes. The district's powers are adjusted accordingly, with updates to its ability to levy taxes, fix rates, collect charges, and use eminent domain. The operating committee's responsibilities are modified, removing the requirement to manage a water department and the superintendent position, and detailing the election and duties of district officers, qualifications and rights of electors, and procedures for district meetings.

Furthermore, the bill establishes the Clear River Electric and Water District, known as the "Clear River Electric and Water District Act of 2024," which will take over the electric and water utility functions from the Pascoag utility district and Harrisville fire district water department, excluding fire protection and emergency services. The new district's boundaries will align with the utility service areas of the Pascoag and Harrisville fire districts, and it will be governed by a board of utility commissioners. The bill grants the district broad powers to manage utility services, issue bonds, levy taxes, and exempts it from certain taxes. It also ensures the transfer of utility assets and obligations, classifies assets between the electric and water district and the fire district, and provides for the financial operations and securities of the new district. The act is set to take effect on January 1, 2025.