The bill authorizes the city of Pawtucket to issue not more than $2,000,000 in general obligation bonds and notes to finance the design, construction, reconstruction, repair, and equipping of streets and sidewalks, including but not limited to drainage and landscaping, as well as all related costs. The bonds may be issued in serial or term forms, with the terms of the bond issuance determined by the city council. The proceeds from the bonds will be used exclusively for the specified projects and related costs.

The bill also outlines the process for the issuance of temporary notes in anticipation of the bonds and allows the city to apply for federal or state assistance for the projects. It specifies that the bonds and notes will not count against the city's borrowing capacity and mandates that the city must appropriate sufficient funds annually to cover the principal and interest on the issued bonds.

Sections 13 and 14 of the act will take effect upon passage, while the remainder of the act will take effect upon approval of the question provided for in section 13 at the next general election.