Pawtucket authorized to issue up to $3,000,000 in bonds and notes for street repaving in fiscal years 2028 and 2029.
The bill authorizes the city of Pawtucket to issue up to $3,000,000 in general obligation bonds and notes to finance the repaving of streets and related costs. The proceeds from the sale of these bonds and notes will be used for the project, with any remaining funds applied to the payment of principal or interest on the bonds or notes. The city treasurer and mayor are authorized to execute necessary documents to comply with federal tax and securities laws. The bonds and notes can be issued without approval from any governmental agency, except as required by the act.
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