Rhode Island S3242 authorizes the Chariho Regional School District to issue up to $116 million in bonds to fund the construction of an elementary.

Rhode Island S3242 empowers the Chariho Regional School District to finance the construction, furnishing, and equipping of an elementary school serving Charlestown, Richmond, and Hopkinton, and improvements at the Switch Road Campus. The funding will come from the issuance of up to $116 million in bonds or notes, subject to state housing aid approval at a reimbursement rate of at least 61%, which may increase to 65% upon project completion.

Rhode Island S3242 authorizes the Chariho Regional School District to issue up to $116 million in bonds to fund the construction of an elementary.

Rhode Island S3242 empowers the Chariho Regional School District to finance the construction, furnishing, and equipping of an elementary school serving Charlestown, Richmond, and Hopkinton, and improvements at the Switch Road Campus. The funding will come from the issuance of up to $116 million in bonds or notes, subject to state housing aid approval at a reimbursement rate of at least 61%, which may increase to 65% upon project completion.