Portsmouth, Rhode Island, authorized to issue up to $41,000,000 in bonds for school construction and improvements.

The bill authorizes the Town of Portsmouth to issue up to $41,000,000 in general obligation bonds, notes, and other evidences of indebtedness to fund the construction, additions, renovation, improvement, alteration, repair, furnishing, and equipping of schools and school facilities. The bonds can be issued in various forms, including zero-coupon bonds, and the proceeds must be used for the specified purposes. The issuance of bonds requires approval by a majority vote at a town election.

Portsmouth, Rhode Island, authorized to issue up to $41,000,000 in bonds for school construction and improvements.

The bill authorizes the Town of Portsmouth to issue up to $41,000,000 in general obligation bonds, notes, and other evidences of indebtedness to fund the construction, additions, renovation, improvement, alteration, repair, furnishing, and equipping of schools and school facilities. The bonds can be issued in various forms, including zero-coupon bonds, and the proceeds must be used for the specified purposes. The issuance of bonds requires approval by a majority vote at a town election.