Plain English Breakdown
While the bill text mentions funding for improvements to water and sewer infrastructure in the north end of Manchester, it does not provide specific details about what those improvements will be or how the bonds will be repaid.
Act Allowing State Bonds for Water and Sewer Fixes in Manchester
This act allows the state to issue bonds up to five million dollars to fund improvements to water and sewer systems in the north part of Manchester.
What This Bill Does
- Allows the State Bond Commission to issue bonds worth up to $5 million.
- The money from these bonds will be used by the Department of Energy and Environmental Protection as a grant-in-aid for the town of Manchester.
- This funding is intended for improvements to water and sewer infrastructure in the north end of Manchester.
Who It Names or Affects
- The town of Manchester
- Residents living in the north part of Manchester
Terms To Know
- Bonds
- A type of loan where the state promises to pay back money with interest over time.
- Grant-in-aid
- Money given by one government agency to another for a specific purpose, such as fixing water and sewer systems.
Limits and Unknowns
- The bill does not specify how the bonds will be repaid.
- It is unclear what exact improvements will be made with the funds.