Plain English Breakdown
The bill has passed both chambers but was referred to a committee; final enactment depends on further action not shown in this excerpt.
State Bonds for Youth Sports Facility in Manchester
This bill allows the state to issue up to $500,000 in bonds to fund an indoor baseball and softball training facility in Manchester.
What This Bill Does
- Empowers the State Bond Commission to authorize state bonds under section 3-20 of the general statutes.
- Limits the total amount of new debt to five hundred thousand dollars.
- Directs bond proceeds to the Department of Economic and Community Development.
- Requires the department to provide a grant-in-aid to Manchester for construction.
Who It Names or Affects
- The State Bond Commission
- The Department of Economic and Community Development
- The Town of Manchester
Terms To Know
- Bonds
- Money the state borrows that it must pay back with interest.
- Grant-in-aid
- Financial help given by one government to another for a specific project.
Limits and Unknowns
- The bill does not state when the facility will be built.
- No effective date is included in this document excerpt.