AN ACT AUTHORIZING BONDS OF THE STATE FOR CONSTRUCTION OF THE USS GROTON SAIL MONUMENT.

Plain English Breakdown

Checked against official source text during the last sync.

Act to Build USS Groton Sail Monument

This act allows the state to issue bonds up to $300,000 to fund the building of a monument for the USS Groton.

What This Bill Does

• Allows the State Bond Commission to issue bonds worth up to $300,000.
• The money from these bonds will be used by the Department of Economic and Community Development.
• This department will give the money as a grant to the USS Groton Sail Foundation.
• The foundation will use this grant to build the USS Groton Sail Monument.

Who It Names or Affects

• The State Bond Commission
• Department of Economic and Community Development
• USS Groton Sail Foundation

Terms To Know

Bonds

Money borrowed by the state that needs to be paid back with interest.

Grant-in-aid

Money given by a government agency to help pay for something.

Limits and Unknowns

• The bill does not specify how long it will take to build the monument.
• It is unclear if there are any limits on when or how the bonds can be issued.

Official Summary Text

To provide funding for the construction of the USS Groton Sail Monument.

Current Bill Text

LCO No. 965 1 of 1

General Assembly Proposed Bill No. 5188
February Session, 2026 LCO No. 965

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. GAIEWSKI, 40th Dist.
REP. BUMGARDNER, 41st Dist.

AN ACT AUTHORIZING BONDS OF THE STATE FOR
CONSTRUCTION OF THE USS GROTON SAIL MONUMENT.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the State Bond Commission be empowered to authorize the 1
issuance of bonds of the state in accordance with section 3 -20 of the 2
general statutes, in principal amounts not exceeding in the aggregate 3
three hundred thousand dollars, the proceeds of which shall be used by 4
the Department of Economic and Community Development for the 5
purpose of providing a grant -in-aid to the USS Groton Sail Foundation 6
for the construction of the USS Groton Sail Monument. 7
Statement of Purpose:
To provide funding for the construction of the USS Groton Sail
Monument.