Plain English Breakdown
Checked against official source text during the last sync.
State Bonds for StayWell Health Center
This bill allows the state to issue up to $2 million in bonds to fund technology upgrades and facility improvements at StayWell Health Center in Waterbury.
What This Bill Does
- Empowers the State Bond Commission to authorize new state bonds.
- Limits the total amount of these bonds to no more than two million dollars.
- Directs bond money to the Department of Economic and Community Development.
- Requires that funds be used as a grant-in-aid for StayWell Health Center.
- Specifies that grants must pay for technology upgrades and capital improvements.
Who It Names or Affects
- StayWell Health Center in Waterbury
- The State Bond Commission
- The Department of Economic and Community Development
Terms To Know
- Bonds
- Money the state borrows now to pay for projects, which it will repay later with interest.
- Grant-in-aid
- Financial help given by a government agency to an organization without requiring repayment.
Limits and Unknowns
- The bill does not state when the project will start or finish.
- No effective date is provided in this document.