The bill authorizes the city of Pawtucket to issue not more than $2,000,000 in general obligation bonds and notes to finance the construction, reconstruction, repair, and equipping of bridges, along with all costs incidental or related thereto. The bonds may be issued in various forms, including serial or term bonds, and must be payable within a timeframe of three to thirty years. The city council will determine the specifics of the bond issuance, including sale amounts, interest rates, and other terms. The proceeds from these bonds will be allocated for the specified projects and related expenses, with the city treasurer responsible for managing the funds.

Additionally, the bill outlines the process for the city council to authorize temporary notes in anticipation of bond issuance or state and federal aid. It specifies that the city must appropriate sufficient funds annually to cover the principal and interest on the bonds and notes, and it allows for the application of federal or state assistance to support the project. Sections 13 and 14 of the act would take effect upon passage, while the remainder of the act would take effect upon approval of the question provided for in section 13 at the next general election, with provisions for public inspection of the act prior to the vote.