The bill amends Section 45-23-46 of the General Laws in Chapter 45-23, which pertains to the subdivision of land. It introduces new provisions that require the permitting authority in the town of Coventry to approve agreements for the completion of all required public and private improvements prior to final plan approval. These agreements can take the form of: (1) completion of actual construction of all improvements; (2) improvement guarantees; or (3) a combination thereof.

The bill does not specify that improvements constructed without a financial guarantee must be completed prior to final approval, nor does it detail procedures for setting improvement guarantee amounts, conducting inspections, or accepting improvements by the municipality. It also does not mention maintenance guarantees or the municipality's authority to enforce guarantees through legal and equitable remedies. This act will take effect upon passage.

Statutes affected:
3030: 45-23-46