AN ACT AUTHORIZING THE CITY OF PAWTUCKET TO PROVIDE FOR THE REPAVING OF STREETS IN THE CITY AND AUTHORIZING THE FINANCING THEREOF, INCLUDING THE ISSUE OF NOT MORE THAN $3,000,000 BONDS AND NOTES THEREFOR, TO FUND THE CAPITAL IMPROVEMENT PROGRAM FOR THE TWO FISCAL YEARS 2028 AND 2029

SB 3326 authorizes the City of Pawtucket to issue up to $3,000,000 in bonds and notes to fund a street repaving project for fiscal years 2028 and 2029. The bill outlines how the city can sell these bonds, manage the resulting funds, and use the money specifically for repaving streets and covering related issuance costs. It also permits the city to issue temporary notes to cover expenses before the final bonds are sold and provides rules for investing any unspent funds. This legislation directly affects the city's financial operations and infrastructure maintenance plans without changing broader state laws.