Plain English Breakdown
The exact mechanism for repayment of the bonds is not detailed in the provided official bill summary or text.
State Bonds for Fire Station Upgrade
This act allows the state to issue bonds up to $1,700,000 to fund an exhaust system upgrade at the Yantic Fire Engine Company in Norwich.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $1.7 million.
- The money from these bonds will be used by the Department of Emergency Services and Public Protection for a grant-in-aid to help the Yantic Fire Engine Company in Norwich upgrade its exhaust system.
Who It Names or Affects
- The State Bond Commission
- The Department of Emergency Services and Public Protection
- The Yantic Fire Engine Company in Norwich
Terms To Know
- State Bonds
- Money borrowed by the state to fund projects or services.
- Grant-in-Aid
- Financial assistance given by a government agency to support specific activities or improvements.
Limits and Unknowns
- The exact date when these bonds will be issued is not specified.
- It's unclear how the bond money will be repaid.