Plain English Breakdown
Checked against official source text during the last sync.
State Bonds to Fund a Cloud Filing System in Plymouth
This bill allows the state to issue up to $20,000 in bonds to give money to the town of Plymouth for setting up an online filing system.
What This Bill Does
- Empowers the State Bond Commission to authorize new state bonds.
- Limits the total amount of these bonds to no more than twenty thousand dollars.
- Requires that bond proceeds go to the Office of Policy and Management.
- Directs funds to be used as a grant for Plymouth's cloud-based filing system.
Who It Names or Affects
- The State Bond Commission
- The Office of Policy and Management
- The town of Plymouth
Terms To Know
- Bonds
- Money the state borrows by selling certificates to investors, which it must pay back later with interest.
- Grant-in-aid
- Financial help given by a higher level of government to a lower one for a specific project.
Limits and Unknowns
- The bill does not state when the system will be finished.
- No effective date is listed in the provided source material.