§ 44-5-2.1. Jamestown €” Maximum levy.

(a) Notwithstanding any other provisions of this chapter, in connection with the change of Jamestown€™s fiscal year from March 1 to June 30, the town may levy a tax for its extended fiscal year in excess of five and one-half percent (5.5%) in excess of the amount levied and certified by the town for the prior year, and such tax may cover a period of sixteen (16) months.

(b) €œExtended fiscal year€ means the period March 1, 2004 to June 30, 2005.

(c) Notwithstanding the requirements of § 44-5-7(a), persons assessed pursuant to the provisions of this section have the option to pay their taxes in quarterly installments, for the extended fiscal year; provided, that the town is authorized to permit taxes to be paid in five (5) equal installments.