The bill amends Chapter 80 of the Public Laws of 1965, which governs the formation of the Regional School District between the Towns of Exeter and West Greenwich, Rhode Island. Key changes include a new method for determining compensation for committee members, which will now be decided by voters at an all-day referendum rather than at a regional school district financial meeting. The composition of the regional district school building committee is reduced from twelve to eight members, with four representatives from each town. Additionally, the selection process for committee members is modified to decrease the number of ex officio members and clarify the appointment process for town council members and residents. The bill also introduces a phased-in five-year rolling enrollment average for the apportionment of construction and operating costs, starting in the 2023 fiscal year, based on pupil enrollments from previous years.

Further amendments include a reduction in the threshold for initiating an amendment proposal via petition from 10% to 5% of registered voters in any member town, and the establishment of a charter review subcommittee with equal representation from both towns to review and recommend proposals for amendments. Any proposed amendments must be approved by both town councils before proceeding to a referendum, which requires a majority vote from the combined total of both towns for approval. The bill aims to streamline governance and financial management within the regional school district, enhancing the efficiency of decision-making processes and ensuring equitable representation from both towns.