AN ACT AUTHORIZING THE CITY OF CENTRAL FALLS TO FINANCE THE CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES IN THE CITY BY THE ISSUANCE OF NOT MORE THAN $25,000,000 BONDS, NOTES AND/OR OTHER EVIDENCES OF INDEBTEDNESS THEREFOR

Summary

The law authorizes the City of Central Falls to sell bonds and notes worth no more than $25 million to pay for building, renovating, improving, and equipping its schools. Proceeds can also cover interest on temporary financing, repayment of advances, and issuance costs. The city’s school building committee will manage the projects.

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