| LA 023 |
| 2022 -- H 8033 Enacted 06/20/2022 |
| A N A C T |
| IN ACCORDANCE WITH RHODE ISLAND GENERAL LAWS § 16-7-44 APPROVING THE ISSUANCE OF ?$5,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF ?INDEBTEDNESS OF THE TOWN OF EAST GREENWICH TO FINANCE THE RENOVATION, REHABILITATION, REPAIR, REPLACEMENT, IMPROVEMENT, FURNISHING, EQUIPPING AND INSTALLATION OF SCHOOLS, SCHOOL FACILITIES AND INFRASTRUCTURE, INCLUDING, BUT NOT LIMITED TO, SAFETY AND FIRE-CODE RELATED IMPROVEMENTS, ROOFS, HEATING, VENTILATION, ELECTRICAL SYSTEMS, LANDSCAPING, GROUNDS, ATHLETIC FIELDS, INFORMATION TECHNOLOGY, VEHICLES AND FOOD SERVICE FACILITIES |
Introduced By: Representatives Caldwell, and Shanley |
| Date Introduced: March 23, 2022 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. As authorized by Rhode Island general laws § 45-12-2, an ordinance of the |
| East Greenwich town council effective on June 10, 2019, and a referendum approved by the electors |
| of the town of East Greenwich on November 5, 2019, the town of East Greenwich is empowered |
| to issue general obligation bonds, notes and other evidences of indebtedness to an amount not |
| exceeding five million dollars ($5,000,000), from time to time under its corporate name and seal, |
| to fund the renovation, rehabilitation, repair, replacement, improvement, furnishing, equipping and |
| installation of schools, school facilities and infrastructure, including, but not limited to, safety and |
| fire-code related improvements, roofs, heating, ventilation, electrical systems, landscaping, |
| grounds, athletic fields, information technology, vehicles and food service facilities. The amount |
| of borrowing pursuant to this act shall be reduced by the amount of any grant received by the town |
| from the school building authority capital fund. |
| SECTION 2. In accordance with § 16-7-44 of the general laws, subject to approval of the |
| Rhode Island department of education, the principal and interest on such bonds shall be eligible for |
| state housing aid reimbursement. |
| SECTION 3. This act serves as the enabling act required by Rhode Island general laws § |
| 16-7-44 and shall take effect upon passage. |
| SECTION 4. This act shall take effect upon passage. |
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| LC005570 |
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