Plain English Breakdown
The official text confirms the purpose is to create a regional shelter, but does not specify if this refers to an emergency shelter or another type of facility.
Funding Bonds for a Generator at Regional School District Number 8
This bill allows the state to issue up to $700,000 in bonds so the Department of Education can give money to Regional School District Number 8 to finish installing a generator needed for a regional shelter.
What This Bill Does
- Empowers the State Bond Commission to authorize the sale of state bonds.
- Limits the total amount of these bonds to $700,000.
- Requires that bond money be used by the Department of Education as a grant-in-aid.
- Directs funds specifically for Regional School District Number 8.
- Supports the completion of generator installation work.
Who It Names or Affects
- Regional School District Number 8
- The State Bond Commission
- The Department of Education
Terms To Know
- Bonds
- Money the state borrows by selling shares to investors, which it must pay back later with interest.
- Grant-in-aid
- Financial help given by a government agency to another group for a specific project.
Limits and Unknowns
- The bill does not state when the generator will be finished.
- The text does not explain how much of the $700,000 is needed versus what has already been spent.
- No information is provided about which specific building or location within the district will house the shelter.