Plain English Breakdown
Checked against official source text during the last sync.
State Bonds for Road Work in New Milford
This bill allows the State Bond Commission to issue bonds so the Department of Transportation can give money to the town of New Milford for road work recommended in an October 2024 safety report.
What This Bill Does
- Empowers the State Bond Commission to authorize state bonds under section 3-20 of the general statutes.
- Requires bond proceeds to be used by the Department of Transportation as a grant-in-aid for road work in New Milford.
- Limits funding only to projects recommended in the October 2024 New Milford Road Safety Audit report.
Who It Names or Affects
- The State Bond Commission
- The Department of Transportation
- The town of New Milford
Terms To Know
- Bonds
- Money the state borrows to pay for projects, which it pays back later with interest.
- Grant-in-aid
- Financial help given by a higher level of government to a lower one for a specific purpose.
Limits and Unknowns
- The exact dollar amount for the bonds is left blank in the bill text.
- The bill does not list which specific roads will be fixed, only that they must match the safety audit recommendations.