This bill amends Chapter 80 of the Public Laws of 1965, which pertains to the formation of a Regional School District between the Towns of Exeter and West Greenwich, Rhode Island. Key changes include the determination of compensation for committee members, which will now be decided by voters at an all-day referendum instead of a regional school district financial meeting. The composition of the regional district school building committee is reduced from twelve to eight members, with four members from each town. Additionally, the method of selection for committee members is modified, reducing the number of ex officio members and specifying the appointment process for one town council member and two residents from each town.

The bill introduces a phased-in five-year rolling enrollment average for the apportionment of construction and operating costs, starting in the 2023 fiscal year. This method will calculate each town's share based on pupil enrollment, ensuring a more equitable distribution of costs. The apportionment will be determined by computing the ratio of each town's pupil enrollment in regional district schools on October 1 of each year, with the average enrollment calculated over the previous five consecutive fiscal years.

Furthermore, the process for amending the agreement is revised, lowering the petition requirement from 10% to 5% of registered voters. A charter review subcommittee will be established to review and recommend proposals for amendments, ensuring equal representation from both towns. The act will take effect upon passage.