This bill authorizes the city of Warwick to issue not more than $50,000,000 in general obligation bonds, notes, and other evidences of indebtedness to finance the construction, renovation, improvement, alteration, repair, landscaping, demolition, architectural costs, engineering, furnishing, and equipping of (i) two new high schools and school facilities to replace Pilgrim High School and Tollgate High School, including on-site athletic fields, and (ii) recreation and athletic facilities throughout the city.

The act constitutes an enabling act of the general assembly required pursuant to 16-7-44. It specifies that any bonds, notes, or other evidences of indebtedness issued for school projects shall not be eligible for state aid reimbursement unless the school projects have been approved by the Rhode Island Department of Education (RIDE).

Sections 14 and 16 of the act would take effect upon passage, while the remainder of the act would take effect upon approval by a majority of those voting on the question at the election prescribed by section 14.