AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE REPAIR, CONSTRUCTION AND REHABILITATION OF STORM DRAINS AND DRAINAGE IMPROVEMENTS, AND THE REMEDIATION AND MITIGATION OF DRAINAGE AND FLOODING PROBLEMS, 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 fixing, building, and improving storm drains and flood‑mitigation projects. Bond proceeds can also be used to cover issuance costs, repay temporary notes, and fund related advances. Voters must approve the measure in a citywide election before most of the provisions become effective.

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