AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, REPAIR AND ALTERATION OF PLAYGROUNDS, ATHLETIC FIELDS AND RELATED EQUIPMENT IN THE CITY BY THE ISSUANCE OF NOT MORE THAN $4,000,000 GENERAL OBLIGATION BONDS AND NOTES THEREFOR

Summary

The law lets the City of Cranston sell general‑obligation bonds and short‑term notes worth no more than $4 million to pay for acquiring, building, repairing, or improving playgrounds and athletic fields. Proceeds must be used only for those projects, and repayment can come from future tax levies or other city funds. Voter approval is required before the bonds become effective.

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