This bill authorizes the town of West Warwick to issue not to exceed $71 million in general obligation bonds and notes to finance the acquisition, construction, improvement, renovation, furnishing, and equipping of schools and school facilities throughout the town. The financing will also cover all attendant expenses, including but not limited to demolition, engineering, architectural, and landscaping costs.
The bill outlines that the town council must submit the question of bond issuance to the qualified voters of West Warwick for approval in a local election. Sections 14 and 15 of the bill will take effect upon passage, while the remainder of the act will only take effect if a majority of those voting on the question prescribed by section 14 vote in favor of the bond issuance.