AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE ACQUISITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, REPAIR AND ALTERATION OF PLAYGROUNDS, ATHLETIC FIELDS AND RELATED EQUIPMENT IN THE CITY 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 issue up to $4 million in general obligation bonds to fund the acquisition, construction, and renovation of playgrounds and athletic fields. It affects Cranston residents by providing improved recreational facilities, which will be paid back over time through municipal debt. The investment aims to enhance community spaces and promote local recreational activities.

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