The bill permits the city of Pawtucket to issue bonds 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 first principal installment due within three years and the last within thirty years from the issuance date. The bill also allows for the issuance of temporary notes in anticipation of the bonds or federal or state aid, with the total notes not exceeding the bond amount or estimated aid. These notes are payable within five years and can be renewed or paid by issuing other notes, as long as the total period does not exceed five years. The city treasurer is given discretion in the application of accrued interest, sale premiums, and investment earnings towards project costs, bond or note payments, or city revenues.

Furthermore, the bill obligates the city to annually appropriate funds for the payment of principal and interest on the bonds and notes, with any shortfall added to the annual tax levy. The validity of the bonds and notes is maintained regardless of changes in city officers. The city council is empowered to apply for and expend federal or state grants for the act's purposes, and the city treasurer and mayor are authorized to execute necessary documents for compliance with federal tax and securities laws. 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 at the next general election or a special election, with Sections 13 and 14 effective upon passage and the remainder upon voter approval.