AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE ACQUISITION, DEMOLITION, CONSTRUCTION, IMPROVEMENT, RENOVATION, REPAIR, ALTERATION, FURNISHING AND EQUIPPING OF PUBLIC BUILDINGS IN THE CITY BY THE ISSUANCE OF NOT MORE THAN $2,000,000 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 $2 million to pay for buying, demolishing, building, repairing or equipping municipal buildings. Proceeds must be used only for those projects, and the city can also borrow advances or apply for state and federal aid. Voters must approve the measure in a citywide election before the bonds become effective.

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