AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE ACQUISITION, DEMOLITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, REPAIR, ALTERATION, FURNISHING AND EQUIPPING OF PUBLIC BUILDINGS IN THE CITY BY THE ISSUANCE OF NOT MORE THAN $2,000,000 GENERAL OBLIGATION BONDS AND NOTES THEREFOR

Summary

This bill allows the City of Cranston to issue up to $2 million in general obligation bonds to fund improvements to public buildings. It affects Cranston residents, who will back the bonds through local taxes, and city workers or residents who use the facilities. This financing enables the city to upgrade its infrastructure without draining the current operating budget.

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