The bill amends the existing legislation regarding the Burrillville Land Trust, changing its name to the Burrillville Land Conservancy. This change is reflected throughout the text, where all instances of "Trust" are replaced with "Conservancy." The bill maintains the original mission of the organization, which is to protect the rural character and natural heritage of Burrillville by preserving land as open space and ensuring public access to these resources. The Conservancy will continue to manage real property, including agricultural and recreational lands, and will be governed by a board of Conservancy members who are electors of the town.

Additionally, the bill outlines the powers and responsibilities of the Conservancy, including the ability to acquire property for public recreational purposes, accept grants, and manage its holdings in a manner that allows for public enjoyment. It also stipulates that the Town Council will oversee the management and administration of the Conservancy, including the approval of rules and regulations. The bill ensures that the Conservancy's assets will be exempt from taxation and that any remaining properties will be managed by the town upon the Conservancy's dissolution. The act is set to take effect upon passage.