Plain English Breakdown
The bill summary does not provide details on how the bonds will be repaid or if there are additional costs beyond the $500,000.
Act to Build Youth Sports Facility
This act allows the state to issue bonds up to $500,000 to fund an indoor training facility for young baseball and softball players in Manchester.
What This Bill Does
- Allows the State Bond Commission to create bonds worth up to $500,000.
- Uses bond money to give a grant-in-aid to the town of Manchester for building an indoor training place.
Who It Names or Affects
- Youth in the town of Manchester who can use the new sports facility.
- The Department of Economic and Community Development, which receives the money to build the facility.
Terms To Know
- Bonds
- Money borrowed by the state that needs to be paid back with interest.
- Grant-in-aid
- Money given by one government agency to another for a specific purpose, like building something.
Limits and Unknowns
- The bill does not specify how the bonds will be paid back.
- It is unclear if there are other costs besides the $500,000 bond money that need to be covered for the facility.