The bill amends Chapter 46-15 of the General Laws concerning "Water Resources Management" by introducing a new section titled "46-15-24. Rental fees." This new provision mandates that twenty percent (20%) of all rental fees collected by the water resources board (WRB) from a lease agreement with the Coventry Pines Golf Club or a memorandum of understanding with the town of Coventry be allocated as follows: ten percent (10%) to the town of Coventry and ten percent (10%) to the Central Coventry Fire District.

The act is designed to ensure that local entities benefit from the rental fees associated with the water resources board's agreements. It will take effect immediately upon passage, thereby allowing for the prompt distribution of funds to the specified local government and fire district.