Plain English Breakdown
The official source does not specify the exact timing or allocation details of the bond issuance.
Act Allowing State Bonds for Sprague Streetscape Extension
This act allows the state to issue bonds up to one million dollars to fund improvements in Sprague, including upgrades to all three municipal playgrounds and streetlight installations.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $1 million.
- Uses bond proceeds for a grant-in-aid to the town of Sprague.
- Extends the Sprague Streetscape Project by upgrading all three municipal playgrounds.
- Installs ten new streetlights and flashing lights at both schools.
Who It Names or Affects
- The town of Sprague
- Residents of Sprague who benefit from improved infrastructure
Terms To Know
- State Bond Commission
- A group that decides if the state can issue bonds.
- Grant-in-aid
- Money given by one government to another for a specific purpose.
Limits and Unknowns
- The exact timing of when the bond issuance will happen is not specified.
- It's unclear how much of the $1 million will be used for each project.