AN ACT AUTHORIZING THE CITY OF PROVIDENCE TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS AND NOTES TO FUND THE PROVIDENCE HOUSING TRUST FUND TO FINANCE AFFORDABLE MULTI-FAMILY HOUSING PROJECTS IN THE CITY

Summary

The act authorizes the city of Providence to sell up to $25 million of general‑obligation bonds and related notes. Proceeds must be used to fund the Providence Housing Trust Fund for affordable multi‑family housing projects and to cover bond‑related costs. The city council sets the terms and may also issue short‑term notes in anticipation of the bonds or state/federal aid.

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