The bill amends Chapter 45-53 of the General Laws regarding "Low and Moderate Income Housing" by adding a new section specifically for Tiverton. This new section, 45-53-17, stipulates that individuals applying to rent or purchase low- or moderate-income housing in Tiverton must provide proof of residency in Rhode Island or employment with a local, state, or federal entity. The definitions clarify that a "local entity" refers to municipalities within Rhode Island, while a "state entity" refers to the State of Rhode Island itself.

This legislation aims to ensure that housing resources designated for low- and moderate-income individuals are allocated to those who have a connection to the state, either through residency or employment. The act is set to take effect immediately upon its passage.