The bill amends Chapter 59 of the Public Laws to rename the "Burrillville Land Trust" to the "Burrillville Land Conservancy," reflecting a shift in terminology throughout the document by replacing "Trust" with "Conservancy" and "trustees" with "Conservancy members." The Burrillville Land Conservancy is established as a public instrumentality with the authority to acquire, hold, and manage various types of real property, including open spaces, agricultural land, and wildlife habitats, with the mission of preserving the town's rural character and natural heritage. The Conservancy will also ensure public access for recreation and education while maintaining stewardship over the land.

Additionally, the bill outlines the governance structure of the Conservancy, stating that its management will be organized by ordinance adopted by the Town Council, and prohibits elected officials from serving as Conservancy members. The Town Council retains authority over the rules and regulations governing the Conservancy's operations, including the approval of acquisitions and management practices. The Conservancy is granted powers to acquire property, accept gifts and grants, and manage its assets, all while ensuring alignment with public interest. The bill also stipulates that the Conservancy's properties and revenues will be exempt from taxation, reinforcing its public purpose and ensuring effective operation in furtherance of its goals.