HB 8228

AN ACT AN ACT AUTHORIZING THE CITY OF PAWTUCKET TO ISSUE NOT TO EXCEED $330,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, FURNISHING AND EQUIPPING OF A NEW HIGH SCHOOL AND SCHOOL FACILITIES AND ALL EXPENSES INCIDENT THERETO, INCLUDING BUT NOT LIMITED TO, COSTS OF DESIGN, DEMOLITION, ATHLETIC FIELDS, LANDSCAPING AND PARKING, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 83.7% FOR EXPENDITURES ELIGIBLE FOR STATE AID AND PROVIDED THAT THE AUTHORIZATION SHALL BE REDUCED BY ANY GRANT RECEIVED FROM THE SCHOOL BUILDING AUTHORITY CAPITAL FUND (Authorizes the city of Pawtucket to issue not more than $330,000,000 general obligation bonds, notes and other evidences of indebtedness to finance the acquisition, construction, improvement, furnishing and equipping of a new high school.)