Pawtucket voters must approve up to $5 million in public building bonds

Pawtucket is authorized to issue up to $5 million in bonds for public building work and related costs. The money may pay for building, repairing, improving, furnishing, or equipping Pawtucket public buildings, and for related costs. The city council sets the amount and terms of each bond issue. This authority takes effect only if a majority of voters who vote on the question approve the act. The authority takes effect after approval at the election set out in the act.

Pawtucket must provide money each year to pay principal and interest due on bonds and notes issued under the act. The payment rule covers bonds and notes issued under this act. If other money does not cover the payments due, the city must add enough to its annual tax levy. This rule applies only if voters approve the act and the city issues debt under it. The rule applies each year when principal or interest comes due, after voter approval takes effect.