Pawtucket authorized to issue up to $2,500,000 in bonds for road safety infrastructure improvements.

The bill authorizes the city of Pawtucket to issue up to $2,500,000 in general obligation bonds and notes to fund the improvement and replacement of road safety infrastructure and traffic control devices. The proceeds from these bonds and notes will be used for related costs, including the principal and interest on temporary notes, repayment of advances, issuance costs, and funded interest. The city treasurer and mayor are authorized to execute necessary documents to carry out the intent of the act.

Pawtucket authorized to issue up to $2,500,000 in bonds for road safety infrastructure improvements.

The bill authorizes the city of Pawtucket to issue up to $2,500,000 in general obligation bonds and notes to fund the improvement and replacement of road safety infrastructure and traffic control devices. The proceeds from these bonds and notes will be used for related costs, including the principal and interest on temporary notes, repayment of advances, issuance costs, and funded interest. The city treasurer and mayor are authorized to execute necessary documents to carry out the intent of the act.