The bill authorizes the city of Pawtucket to issue general obligation bonds and notes not exceeding $2,500,000 to finance the improvement and replacement of road safety infrastructure and traffic control devices, along with 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.

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 city must submit the question of the act's approval to the electors at the next general election, with provisions for a special election if necessary. Sections 13 and 14 of the bill will take effect upon passage, while the remainder will take effect once the act is approved by a majority of voters.