Rhode Island S3325 authorizes Pawtucket to issue up to $2,500,000 in bonds and notes for road safety infrastructure and traffic control devices.
Rhode Island S3325 authorizes the city of Pawtucket to issue general obligation bonds and notes up to $2,500,000 to fund the improvement and replacement of road safety infrastructure and traffic control devices. The proceeds from the bonds and notes, along with any applicable federal or state assistance, will be used for these purposes. The city treasurer can invest any unexpended proceeds in demand deposits, time deposits, or savings deposits in banks insured by the Federal Deposit Insurance Corporation or in obligations issued or guaranteed by the United States of America.
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