Plain English Breakdown
The bill's title and main authorization section focus only on broadband internet, but the Statement of Purpose includes improving cellular telephone service. It is unclear if the bonds can legally be used for cellular projects based solely on this excerpt.
State Bonds for Rural Broadband Access
This bill allows the state to sell bonds to raise money that will be used by a specific department to provide grants for improving high-speed internet in rural communities.
What This Bill Does
- Empowers the State Bond Commission to issue state bonds under section 3-20 of the general statutes.
- Sets a limit on the total amount of bonds, though the specific dollar figure is left blank in this text.
- Requires bond money to go to the Department of Energy and Environmental Protection.
- Allows that department to give grants-in-aid for improving high-speed broadband internet access.
Who It Names or Affects
- The State Bond Commission
- The Department of Energy and Environmental Protection
- Rural communities seeking better high-speed broadband internet access
Terms To Know
- Bonds
- Money the state borrows by selling certificates to investors, which it promises to pay back later.
- Grants-in-aid
- Financial help given as a grant rather than a loan that must be paid back immediately.
Limits and Unknowns
- The exact dollar amount for the bonds is left blank in this version of the bill.
- The text does not list specific rules on how grants will be chosen or distributed.
- No effective date is provided in the source material.