The bill grants the city of Pawtucket the authority to issue bonds and notes up to $20 million to finance environmental infrastructure improvements for the capital improvement program for fiscal years 2026 and 2027. The improvements include parks, streets, recreation, sidewalks, sewers, buildings, and bridges. The bonds will be signed by the city treasurer and the mayor, with the city council determining the specifics of the sale. The proceeds, excluding premiums and accrued interest, will be used for the project's design, construction, reconstruction, repair, and related costs. The bill also allows for the issuance of temporary notes in anticipation of the bonds or federal or state aid, which must be payable within five years and can be refunded under certain conditions.

The bill stipulates that the bonds and notes will be obligatory on the city like other debts but will not count towards the city's borrowing capacity. The city must annually appropriate funds for the principal and interest of the bonds and notes, and any failure to do so will result in the sum being added to the annual tax levy. The bill ensures the validity of the bonds and notes despite any changes in city officers and authorizes the city council to apply for and expend federal or state grants for the act's purposes. The authority to issue bonds and notes will expire seven years after the act's effective date unless extinguished by city council resolution. The act requires voter approval to take effect, with sections 13 and 14 effective upon passage and the remainder upon voter approval.