Plain English Breakdown
The official status indicates the bill passed both chambers but was referred to a committee on February 4, 2026; final enactment or signing by the governor is not confirmed in the source.
Bond Authorization for Connecticut Air and Space Center Renovations
This bill allows the state to issue up to $1 million in bonds to fund renovations at the Connecticut Air and Space Center.
What This Bill Does
- Empowers the State Bond Commission to authorize state bonds totaling no more than one million dollars.
- Requires that bond proceeds be used by the Department of Economic and Community Development for a specific grant-in-aid.
- Provides funding as a grant-in-aid to the Connecticut Air and Space Center in Stratford.
- Designates funds specifically for renovating an existing hangar at the center.
Who It Names or Affects
- The State Bond Commission
- The Department of Economic and Community Development
- The Connecticut Air and Space Center
Terms To Know
- Bonds
- Money the state borrows by selling certificates to investors, which must be paid back with interest.
- Grant-in-aid
- Financial assistance given by a government agency to an organization for a specific project or purpose.
Limits and Unknowns
- The bill limits the total amount of bonds that can be issued to one million dollars.
- Funds are restricted only to renovations of an existing hangar and cannot be used for other purposes.
- The effective date is not listed in the provided text.