Plain English Breakdown
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Act Allowing State Bonds for StayWell Health Center
This act allows the state to issue bonds up to two million dollars to fund technology upgrades and facility improvements at StayWell Health Center in Waterbury.
What This Bill Does
- Allows the State Bond Commission to authorize the issuance of bonds.
- Limits the total amount of bonds to two million dollars.
- Requires that bond proceeds be used for a grant-in-aid by the Department of Economic and Community Development.
- Specifies that funds will go towards technology upgrades and capital improvements at StayWell Health Center.
Who It Names or Affects
- StayWell Health Center in Waterbury
- The State Bond Commission
- Department of Economic and Community Development
Terms To Know
- Grant-in-aid
- Money given by the government to help pay for a project or service.
- State Bond Commission
- A group that decides if and how much money can be borrowed through bonds.
Limits and Unknowns
- The bill does not specify when the bond issuance will happen.
- It is unclear what specific technology upgrades or capital improvements are planned.