The 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, 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, while the proceeds from the bonds will be managed by the city treasurer for the specified projects.

Additionally, the bill 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. 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 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.