AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE ACQUISITION, IMPROVEMENT, RENOVATION AND REPAIR OF FIRE AND PUBLIC SAFETY EQUIPMENT BY THE ISSUANCE OF NOT MORE THAN $8,000,000 GENERAL OBLIGATION BONDS AND NOTES THEREFOR

Summary

The law lets the City of Cranston sell general‑obligation bonds and temporary notes worth no more than $8 million. Proceeds must be used for buying, improving, renovating or repairing fire and public‑safety gear, and for related financing costs. Voter approval is required before the borrowing authority becomes effective.

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