AN ACT AUTHORIZING THE CITY OF CRANSTON TO ISSUE NOT TO EXCEED $25,000,000 GENERAL OBLIGATION BONDS, NOTES AND OTHER EVIDENCES OF INDEBTEDNESS TO FINANCE THE PURCHASE AND/OR ACQUISITION OF LAND AND BUILDINGS, CONSTRUCTION, RENOVATION, IMPROVEMENT, ALTERATION, REPAIR, LANDSCAPING, FURNISHING AND EQUIPPING OF SCHOOLS AND SCHOOL FACILITIES THROUGHOUT THE CITY

Summary

The bill authorizes the City of Cranston to sell general obligation bonds, notes and other debt instruments worth no more than $25 million to fund the purchase, building, renovation, landscaping and equipment of school facilities. Proceeds must be used only for those school projects and the city must meet state‑aid eligibility requirements. The measure was signed by the sponsor and became effective on June 26 2026 without the governor’s signature.

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