Plain English Breakdown
The official status explanation states the bill passed both chambers and reached final enrollment, but the 'Last action' listed refers to a committee referral. This suggests the document may be an earlier version or the metadata reflects a later update not fully visible in the excerpt.
State Bonds for Building Projects in Norwich
This bill allows the state to sell bonds worth up to $3,730,000 to give money as grants-in-aid to nine specific community organizations in Norwich for capital improvements.
What This Bill Does
- Empowers the State Bond Commission to issue state bonds totaling no more than $3,730,000.
- Requires the Department of Economic and Community Development to use bond proceeds as grants-in-aid.
- Provides specific grant amounts for capital improvements at nine named organizations in Norwich.
Who It Names or Affects
- The State Bond Commission
- The Department of Economic and Community Development
- Nine specific community organizations located in the city of Norwich
Terms To Know
- Bonds
- Money that a government borrows by selling certificates to investors, which it must pay back later.
- Capital improvements
- Projects used for the purpose of fixing or upgrading physical structures like buildings and facilities.
- Grant-in-aid
- Money given by the government to an organization for a specific purpose, as described in this bill.
Limits and Unknowns
- The official text does not state when these projects must be finished.
- The effective date of the law is not included in this document.
- The final status shows the bill was referred to a committee, though metadata notes it passed both chambers.