Sec. 2-296. - Additional funding-revolving.

Any and all reimbursements, including but not limited to reimbursements by the Rhode Island Department of Education of an approved capital improvement project, excluding any bonded debt reimbursement, shall be transferred to the revolving fund.

The East Providence City Council, by ordinance, and/or the east providence school committee may contribute additional monies to the revolving fund at their discretion.

Recommended capital improvement projects shall be prioritized on the basis of available funding, health and safety, and overall need and conformity with the school district's strategic plan.

(Ch. 931, § 1, 12-10-24)