Authorizes the Town of Portsmouth to issue up to $41,000,000 in bonds and notes 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 finance the construction, additions, renovation, improvement, alteration, repair, furnishing, and equipping of schools and school facilities. The proceeds from the sale of these bonds and notes will be used exclusively for these purposes. The town council is authorized to issue temporary notes in anticipation of the issuance of bonds or receipt of federal or state aid.
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