Plain English Breakdown
Checked against official source text during the last sync.
Act Allowing State Bonds for Camp Oakdale Improvements
This act allows the state to issue bonds up to $3,800,000 to fund improvements at Camp Oakdale in Montville.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $3.8 million for capital improvements at Camp Oakdale.
- Requires that the Department of Economic and Community Development use bond proceeds as a grant-in-aid to the town of Montville.
Who It Names or Affects
- The State Bond Commission
- Department of Economic and Community Development
- Town of Montville
Terms To Know
- State Bonds
- Money borrowed by the state to fund projects or improvements.
- Grant-in-aid
- Financial assistance given by a government agency to another entity for specific purposes.
Limits and Unknowns
- The bill does not specify what types of capital improvements will be made at Camp Oakdale.
- It is unclear how the bond issuance process will proceed after this act passes.