Plain English Breakdown
Checked against official source text during the last sync.
Act Allowing State Bonds for Building Renovations in New Haven
This act allows the state to issue bonds up to five million dollars to fund building facade renovations and other site improvements in the Hill and Fair Haven neighborhoods of New Haven.
What This Bill Does
- Allows the State Bond Commission to issue bonds worth up to $5 million.
- Uses bond proceeds for grants to help New Haven with building facade renovations.
- Supports other site improvements in the Hill and Fair Haven neighborhoods.
Who It Names or Affects
- The city of New Haven
- Residents and businesses in the Hill and Fair Haven neighborhoods
Terms To Know
- State Bond Commission
- A group that decides if the state can issue bonds.
- Grant-in-aid
- Money given by one government to another for a specific purpose.
Limits and Unknowns
- The exact neighborhoods and buildings affected are not detailed.
- It is unclear how the bond money will be managed or distributed.