Authorizes Cranston to issue up to $4,000,000 in bonds for playground and athletic field improvements.

This bill authorizes the city of Cranston to issue general obligation bonds and notes totaling up to $4,000,000 for the acquisition, construction, improvement, renovation, repair, and alteration of playgrounds, athletic fields, and related equipment. The proceeds from the bond sales will be used for these projects, repayment of advances, costs of issuance, and financing capitalized interest. The city treasurer can invest unexpended funds. The bonds and notes can be issued without approval from any governmental agency or exceeding any debt limits.

Authorizes Cranston to issue up to $4,000,000 in bonds for playground and athletic field improvements.

This bill authorizes the city of Cranston to issue general obligation bonds and notes totaling up to $4,000,000 for the acquisition, construction, improvement, renovation, repair, and alteration of playgrounds, athletic fields, and related equipment. The proceeds from the bond sales will be used for these projects, repayment of advances, costs of issuance, and financing capitalized interest. The city treasurer can invest unexpended funds. The bonds and notes can be issued without approval from any governmental agency or exceeding any debt limits.