Jamestown authorizes up to $3,000,000 in bonds and notes for affordable housing projects, pending voter approval.
The bill empowers the town of Jamestown to issue bonds up to $3,000,000 for affordable housing projects. The proceeds will fund the acquisition and development of affordable housing. The town council can issue notes in anticipation of federal or state aid. The finance director can apply funds to the project's purposes, repaying advances from bond or note proceeds. The town council can combine voting districts for the election. The act takes effect upon voter approval.
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