The bill authorizes the Town of New Shoreham to issue bonds totaling $10,400,000 to finance additions, renovations, improvements, alterations, and repairs to schools and school facilities within the town. This action is in accordance with Rhode Island General Laws 16-7-44 and serves as the enabling act required for the principal and interest on the bonds to be eligible for state housing aid reimbursement. The act will take effect upon passage.