Plain English Breakdown
The official source material does not specify who manages the project, only that it provides funding for a youth center in Fair Haven.
Act to Build a Youth Center with State Bonds
This act allows the state to issue bonds up to $2,500,000 for building a youth center in Fair Haven, New Haven.
What This Bill Does
- Allows the State Bond Commission to create and sell bonds worth up to $2.5 million.
- Uses the money from these bonds as a grant-in-aid to help build a youth center.
Who It Names or Affects
- People in Fair Haven, New Haven who use or benefit from the youth center.
- The city of New Haven which receives funding for the youth center.
- Residents of Connecticut who may be affected by state bond issuance.
Terms To Know
- State Bond Commission
- A group that decides if and how much money can be borrowed to fund projects in Connecticut.
- Grant-in-aid
- Money given by the government to help pay for a project or service.
Limits and Unknowns
- The bill does not specify exactly how the youth center will be used.
- It is unclear what happens if the bonds are not sold or if more money is needed than expected.