ONE IN EACH OF THE TOWNS OF CHARLESTOWN, RICHMOND AND HOPKINTON) AND IMPROVEMENTS AT THE SWITCH ROAD CAMPUS INCLUDING, BUT NOT LIMITED TO, COSTS OF DEMOLITION, DESIGN, HEALTH AND SAFETY PROJECTS, PLAYGROUNDS, LANDSCAPING, PAVING AND ALL EXPENSES INCIDENTAL THERETO BY THE ISSUANCE OF NOT MORE THAN $150,000,000 BONDS AND/OR NOTES THEREFOR, SUBJECT TO APPROVAL OF STATE HOUSING AID AT A REIMBURSEMENT RATE OR STATE SHARE RATIO OF NOT LESS THAN 61% AT THE TIME OF ISSUANCE, WHICH RATE OR RATIO MAY INCREASE TO MORE THAN 76% AT PROJECT COMPLETION (Authorizes the Chariho Regional School District to finance the construction, furnishing and equipping of three elementary schools (one in each of the towns of Charlestown, Richmond and Hopkinton) and improvements at the Switch Road Campus.