Pawtucket voters decide whether the city can borrow for recreation

Pawtucket may issue up to $2 million in bonds and related notes to pay for public recreation projects. The money may pay for renovating, building, rebuilding, and equipping public recreation facilities in Pawtucket, buying land, and related costs. The city council determines the amounts and terms of bond issues. The authority takes effect only if a majority of those voting on the question approve the act. The borrowing authority takes effect upon voter approval. Bond repayment must end no later than 30 years after each bond is issued.

The city must provide for yearly payments on bonds and notes issued under the act. This applies to Pawtucket bonds and notes issued under the act. If money is not otherwise available, the city must appropriate enough to pay principal and interest due that year. If the city does not appropriate enough, the unpaid amount is added to the annual tax levy; taxable property may be taxed without a rate or amount limit to provide the payment. The payment duty applies each year when principal or interest comes due.