AN ACT AUTHORIZING THE CITY OF CRANSTON TO FINANCE THE DESIGN, CONSTRUCTION, REPAIR, REHABILITATION AND IMPROVEMENT OF STREETS, SIDEWALKS AND BRIDGES IN THE CITY INCLUDING, BUT NOT LIMITED TO, PAVING, DRAINAGE, TRAFFIC CONTROL DEVICES, ROAD MAINTENANCE EQUIPMENT, SAFETY IMPROVEMENTS AND LANDSCAPING AND ALL COSTS INCIDENTAL OR RELATED THERETO BY THE ISSUANCE OF NOT MORE THAN $8,000,000 GENERAL OBLIGATION BONDS AND NOTES THEREFOR

Summary

The law lets the City of Cranston sell general‑obligation bonds and temporary notes worth no more than $8 million. Proceeds must be spent on designing, building, repairing or improving streets, sidewalks, bridges and related items such as paving, drainage, traffic devices, safety features and landscaping. Voters must later approve the financing before the bonds can be used.

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