Authorizes Cranston to issue up to $4,000,000 in bonds for storm drain repairs and flood mitigation.

This bill empowers the city of Cranston to issue general obligation bonds and notes totaling up to $4,000,000 for the repair, construction, and rehabilitation of storm drains and drainage improvements, as well as for the remediation and mitigation of drainage and flooding problems. The proceeds from the sale of these bonds and notes will be used for specified purposes, including the repayment of temporary notes, costs of issuance, and capitalized interest on the projects.

Authorizes Cranston to issue up to $4,000,000 in bonds for storm drain repairs and flood mitigation.

This bill empowers the city of Cranston to issue general obligation bonds and notes totaling up to $4,000,000 for the repair, construction, and rehabilitation of storm drains and drainage improvements, as well as for the remediation and mitigation of drainage and flooding problems. The proceeds from the sale of these bonds and notes will be used for specified purposes, including the repayment of temporary notes, costs of issuance, and capitalized interest on the projects.