AN ACT AUTHORIZING BONDS OF THE STATE FOR IMPROVEMENTS TO LISBON CENTRAL SCHOOL IN THE TOWN OF LISBON.

Plain English Breakdown

The official source material does not specify which exact areas of the gym are included in the upgrades or provide details on how bond repayment will occur.

Act Allowing State Bonds for Lisbon Central School Improvements

This act allows the state to issue bonds up to $820,000 to fund upgrades to the gym and HVAC system at Lisbon Central School.

What This Bill Does

• Allows the State Bond Commission to authorize the issuance of bonds for improvements.
• Limits the total bond amount to no more than $820,000.
• Requires that funds be used by the Department of Education as a grant-in-aid for Lisbon Central School upgrades.

Who It Names or Affects

• The State Bond Commission
• Lisbon Central School in the town of Lisbon

Terms To Know

State Bonds

Money borrowed by a state government to fund projects or services.

Grant-in-aid

Financial assistance given by the government to support specific projects or programs.

Limits and Unknowns

• The exact impact on local taxpayers is not specified.
• It does not detail how the bonds will be repaid.

Official Summary Text

To provide funding for upgrades to the gym and associated areas and the heating, ventilation and air conditioning system at Lisbon Central School in the town of Lisbon.

Current Bill Text

LCO No. 802 1 of 1

General Assembly Proposed Bill No. 112
February Session, 2026 LCO No. 802

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. OSTEN, 19th Dist.

AN ACT AUTHORIZING BONDS OF THE STATE FOR
IMPROVEMENTS TO LISBON CENTRAL SCHOOL IN THE TOWN OF
LISBON.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the State Bond Commission be empowered to authorize the 1
issuance of bonds of the state in accordance with section 3 -20 of the 2
general statutes, in principal amounts not exceeding in the aggregate 3
eight hundred twenty thousand dollars, the proceeds of which shall be 4
used by the Department of Education for the purpose of providing a 5
grant-in-aid to the school district in the town of Lisbon for upgrades to 6
the gym and associated areas and the heating, ventilation and air 7
conditioning system at Lisbon Central School. 8
Statement of Purpose:
To provide funding for upgrades to the gym and associated areas and
the heating, ventilation and air conditioning system at Lisbon Central
School in the town of Lisbon.