SECTION 11. Bonds for construction, etc. of property

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The provisions of this chapter shall not be construed to prohibit any city, town or regional school district from applying for authorization to issue qualified bonds pursuant to the terms of this chapter in connection with the construction, reconstruction, development, extension, or improvement of property, notwithstanding that the construction, reconstruction, development, extension, improvement or acquisition was authorized, approved or commenced prior to the effective date of this chapter.

                    
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