Chapter 488
2013 -- H 5846
Enacted 07/15/13
A N A C T
IN ACCORDANCE
WITH
APPROVING THE
ISSUANCE OF $1,850,000 BONDS BY THE TOWN OF PORTSMOUTH TO FINANCE IMPROVEMENTS
AND FIRE CODE UPGRADES TO SCHOOL BUILDINGS INCLUDING BUT NOT LIMITED TO BONDS
AND NOTES ISSUED PURSUANT TO FINANCING AGREEMENTS WITH THE RHODE ISLAND HEALTH
AND EDUCATIONAL BUILDING CORPORATION
Introduced By: Representatives Gallison, Edwards, Canario, and Finn
Date Introduced: March 06, 2013
It is enacted by the
General Assembly as follows:
SECTION 1. As previously authorized by an ordinance adopted
by the Town on January
30, 2013, and
empowered to issue bonds to an amount not exceeding three
hundred fifty thousand dollars
($350,000),
from time to time to finance improvements to school buildings.
SECTION 2. As previously authorized by an ordinance adopted
by the Town on January
30, 2013 and
empowered to issue bonds to an amount not exceeding seven
hundred fifty thousand dollars
($750,000), from time to
time to finance fire code upgrades at
SECTION 3. As previously authorized by an ordinance adopted
by the Town on January
30, 2013 and
empowered to issue bonds to an amount not exceeding seven
hundred fifty thousand dollars
($750,000), from time to
time to finance fire code upgrades at
SECTION 4. In accordance with section 16-7-44 of the general
laws, the principal and
interest on such bonds shall be eligible for state housing aid
reimbursement.
SECTION 5. This act serves as the enabling act required by
section 16-7-44 and shall take effect upon passage.
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LC01861
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