Rhode Island S3357 authorizes Cranston to issue up to $2,000,000 in general obligation bonds and notes for public building projects.
Rhode Island S3357 empowers the city of Cranston to issue up to $2,000,000 in general obligation bonds and notes for the acquisition, demolition, construction, improvement, renovation, repair, alteration, furnishing, and equipping of public buildings. The city council can set the terms and conditions for the issuance of these bonds and notes. Proceeds from the bond sales, along with any federal or state assistance, can be deposited or invested in various financial instruments.
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