The bill amends Chapter 45-53 of the General Laws concerning "Low and Moderate Income Housing" by adding a new section specifically for the town of 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 proof of 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 low- and moderate-income housing in Tiverton is accessible primarily to residents or employees of the state, thereby potentially prioritizing local individuals in housing opportunities. The act is set to take effect immediately upon its passage.