Plain English Breakdown
The official source material does not provide details on how the bond money will be repaid or what specific capital improvements are planned.
State Bonds for Holy Trinity Greek Orthodox Church
This act allows the state to issue bonds up to $500,000 to fund capital improvements at the Holy Trinity Greek Orthodox Church in Norwich.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $500,000 for the church.
Who It Names or Affects
- Holy Trinity Greek Orthodox Church in Norwich
- State Bond Commission
Terms To Know
- Bonds
- A type of loan where the state promises to pay back money with interest.
Limits and Unknowns
- The bill does not specify what kind of capital improvements will be made.
- It is unclear how the bond money will be repaid.