Narragansett authorizes up to $3,000,000 in bonds and notes for fire station improvements.

The bill empowers the town of Narragansett to issue up to $3,000,000 in bonds and notes for equipping, expanding, improving, and renovating fire stations. The proceeds will cover project costs, interest on notes, and repaying federal or state advances. The town council can issue notes in anticipation of bonds or federal/state aid, with notes maturing within five years. The bonds and notes are exempt from certain state laws and will be repaid from the project proceeds, federal/state aid, and other available funds.

Narragansett authorizes up to $3,000,000 in bonds and notes for fire station improvements.

The bill empowers the town of Narragansett to issue up to $3,000,000 in bonds and notes for equipping, expanding, improving, and renovating fire stations. The proceeds will cover project costs, interest on notes, and repaying federal or state advances. The town council can issue notes in anticipation of bonds or federal/state aid, with notes maturing within five years. The bonds and notes are exempt from certain state laws and will be repaid from the project proceeds, federal/state aid, and other available funds.