Summary: The bill authorizes the city of Pawtucket to issue not more than $2,500,000 in general obligation bonds and notes 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 permits the issuance of temporary notes in anticipation of the bonds. It requires the city to submit the question of the act's approval to the electors at the next general election, with the act taking effect upon approval by a majority of voters. Sections 13 and 14 will take effect immediately upon passage, while the remainder of the act will be contingent on voter approval.