Rhode Island SB 2960: AN ACT AUTHORIZING THE TOWN OF MIDDLETOWN TO ISSUE NOT TO EXCEED $235,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF NEW ELEMENTARY, MIDDLE AND HIGH SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE TOWN, AND ALL ATTENDANT EXPENSES INCLUDING, BUT NOT LIMITED TO, DEMOLITION, ENGINEERING AND ARCHITECTURAL COSTS; PROVIDED THAT, THE AUTHORIZATION SHALL BE REDUCED BY THE AMOUNT OF CERTAIN GRANTS RECEIVED FROM STATE BOND PROCEEDS, FROM THE RHODE ISLAND DEPARTMENT OF EDUCATION OR FROM THE RHODE ISLAND SCHOOL BUILDING AUTHORITY (Authorizes the town of Middletown to issue not more than $235,000,000 bonds and notes to finance the construction, renovation, improvement, alteration, repair, landscaping, furnishing and equipping of new elementary, middle and high schools.)

Status: 07/06/2022 Effective without Governor's signature (as of 2022-07-06)

State: Rhode Island · Session: 2022 · Bill: SB 2960

Sponsors: DiPalma

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