Plain English Breakdown
The exact amount of bonds is not specified in the bill.
Act to Fund Road Work in New Milford
This act allows the state to issue bonds for road improvements recommended by a safety audit in New Milford.
What This Bill Does
- Allows the State Bond Commission to authorize the issuance of bonds up to an unspecified amount.
- Uses bond proceeds as grants-in-aid to help New Milford with road work recommended by the Department of Transportation's October 2024 Road Safety Audit report.
Who It Names or Affects
- Residents and drivers in New Milford
- State Bond Commission
- Department of Transportation
Terms To Know
- Bonds
- Money borrowed by the state that needs to be paid back with interest.
- Grant-in-aid
- Financial help given by one government agency to another for a specific purpose.
Limits and Unknowns
- The exact amount of bonds is not specified in the bill.
- It does not say how long it will take to complete the road work.