This bill authorizes the city of Pawtucket to issue not more than $4,000,000 in general obligation bonds and notes to finance the planning, evaluation, design, construction, equipping, and reconstruction of sanitary sewers and storm sewers, as well as all related costs. 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 amounts, interest rates, and terms, while the proceeds from the bonds will be managed by the city treasurer for the specified projects.

The bill also outlines the process for the city to apply for federal or state assistance and allows for the issuance of temporary notes in anticipation of the bonds. Furthermore, it stipulates that the question of approving this act will be submitted to the city's electors at the next general election or a special election if one is called sooner. Sections 13 and 14 of the bill will take effect upon passage, while the remainder of the act will take effect once it is approved by a majority of voters.