Central Falls authorized to issue up to $25,000,000 in bonds for school construction and renovation.

This bill authorizes the city of Central Falls to issue bonds and notes up to $25,000,000 to finance the construction, renovation, improvement, alteration, repair, furnishing, and equipping of schools and school facilities. The proceeds from the sale of these bonds will be used for project costs, interest on notes, and other related expenses. The city council has the authority to issue notes in anticipation of bonds or federal/state aid. The bonds can be issued in various forms, including zero-coupon, capital appreciation, serial, or term bonds.

Central Falls authorized to issue up to $25,000,000 in bonds for school construction and renovation.

This bill authorizes the city of Central Falls to issue bonds and notes up to $25,000,000 to finance the construction, renovation, improvement, alteration, repair, furnishing, and equipping of schools and school facilities. The proceeds from the sale of these bonds will be used for project costs, interest on notes, and other related expenses. The city council has the authority to issue notes in anticipation of bonds or federal/state aid. The bonds can be issued in various forms, including zero-coupon, capital appreciation, serial, or term bonds.