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

This bill allows the city of Cranston to borrow up to $4 million by issuing general obligation bonds to repair and upgrade its storm water drainage system. It directly affects Cranston residents, who will benefit from reduced flooding and improved infrastructure, and whose taxes will ultimately repay the debt. This funding is crucial for addressing ongoing drainage issues and protecting the community from water damage.

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