This bill authorizes the town of Narragansett to issue up to $3,000,000 in bonds and notes for the purpose of financing the equipping, expansion, improvement, and renovation of fire stations within the town. The bonds may be issued in various forms, including serial or term bonds, with repayment terms determined by the town council. The proceeds from these bonds will be managed by the town treasurer and are specifically designated for costs associated with the fire station projects and the repayment of any temporary notes or advances.

The bill also outlines the procedures for issuing temporary notes in anticipation of bond issuance or state and federal aid, as well as the management of proceeds from these financial instruments. It requires that the issuance of bonds and notes be authorized by the town council. Furthermore, the act stipulates that the question of approving this act will be submitted to the town's electors for a vote during the general election on November 3, 2026. Sections 11 and 12 of the act will take effect upon passage, while the remainder of the act will take effect only after voter approval.