Plain-English Summary
This legislation grants the town of Smithfield the authority to enact an emergency moratorium on new "comprehensive permit projects," which are typically developments for low and moderate-income housing. The town can implement this pause if there are already proposals for 250 or more units in the pipeline. During this moratorium, the town will not accept or process any new applications, and no applications submitted during this time will receive legal protections. The moratorium can remain in effect until the state legislature amends the specific laws regarding comprehensive permit requirements.
This law is for a town called Smithfield. Sometimes builders want to build large groups of homes or apartments. If there are already plans for 250 new homes waiting to be approved, the town can say "Stop!" This is called a "moratorium," which is like a timeout. While this timeout is happening, the town will not look at any new requests to build these types of homes. The town can keep this timeout going until the state changes the rules for how these building permits work.