The bill proposes the repeal of legislation establishing the Capital Center Commission, which is a special development district commission for downtown Providence. This repeal removes all provisions related to the Commission's structure, powers, and responsibilities, including its authority to accept designations from city councils, manage real property, and levy special assessments for district improvements. By disbanding the Capital Center Commission, the bill indicates a shift in the state's approach to urban development and the management of special districts.

The act will take effect upon passage and enactment of an ordinance by the city of Providence that similarly repeals local legislation establishing the Capital Center Commission; provided, however, if such an ordinance has already been enacted, this act will take effect immediately.