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 law lets the city of Cranston sell general‑obligation bonds and notes worth no more than $25 million to pay for buying land, constructing, renovating or equipping school facilities. The money can also be used to repay related temporary notes or advances. Voters must approve the measure in a citywide election before most of the provisions take effect.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share