Cranston voters would decide on up to $25 million for school projects

Cranston could issue up to $25 million in bonds or notes for school projects. The money may pay for school land and buildings, building work, repairs, landscaping, furnishings, equipment, and related costs in Cranston. The city may issue the debt only if voters approve the measure. The debt may be issued only if the state aid conditions in section 2 are met. The bond authority takes effect only after a majority of voters approve the question at the election described in section 14.

The city may seek state aid reimbursement for school debt service only for projects approved by RIDE. This applies to bonds, notes, or other debt issued for the school projects covered by the act. The school projects must be approved by the Rhode Island Department of Education (RIDE). This provision takes effect upon passage.