Plain English Breakdown
The bill has passed both chambers but is currently referred to a committee; final approval or veto status is unknown based on this excerpt alone.
Funding Bonds for the USS Groton Sail Monument
This bill allows the state to sell up to $300,000 in bonds to give money to a foundation that will build a monument.
What This Bill Does
- Empowers the State Bond Commission to issue state bonds.
- Limits the total amount of bonds to no more than three hundred thousand dollars.
- Requires bond proceeds to go to the Department of Economic and Community Development.
- Directs that department to provide a grant-in-aid for building the monument.
Who It Names or Affects
- The State Bond Commission
- The Department of Economic and Community Development
- The USS Groton Sail Foundation
Limits and Unknowns
- No effective date is listed in the provided source material.
- The bill does not specify when the bonds will be sold or paid back.