Pawtucket can issue up to $2,000,000 in bonds and notes to fund bridge construction, reconstruction, repair, and equipping for fiscal years 2028 and.
The bill authorizes the city of Pawtucket to issue up to $2,000,000 in bonds and notes to finance the construction, reconstruction, repair, and equipping of bridges and related costs. The proceeds from these bonds and notes, along with any federal or state assistance, will be used for this purpose. The city treasurer and mayor are authorized to execute necessary documents and agreements to carry out the intent of the act. The bonds and notes will be general obligations of the city, excepted from certain city charter provisions, and not subject to ad valorem taxation.
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