The bill amends Chapter 45-53 of the General Laws concerning "Low and Moderate Income Housing" by introducing a new section titled "Tiverton emergency moratorium." This new provision allows the town of Tiverton to enact an emergency moratorium on accepting or processing applications for comprehensive permit projects if there are five hundred (500) or more units proposed. During this moratorium, any applications submitted will not receive grandfathered status, meaning they will not be exempt from the moratorium's restrictions.

Additionally, the bill stipulates that the town may maintain the moratorium until the comprehensive permit requirements outlined in § 45-53-4 are amended. This act is designed to provide Tiverton with the authority to manage housing development more effectively in response to significant proposals, and it will take effect immediately upon passage.