Plain English Breakdown
Checked against official source text during the last sync.
State Bonds for Baltic Fire Engine Company
This act allows the state to issue bonds up to $100,000 to fund purchases and projects at the Baltic Fire Engine Company in Sprague.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $100,000.
- Uses bond proceeds for a grant-in-aid to the Baltic Fire Engine Company.
- Aims to complete necessary purchases and projects at the fire company.
Who It Names or Affects
- The Baltic Fire Engine Company in Sprague
- State Bond Commission
Terms To Know
- Bonds
- Money borrowed by a government that must be paid back with interest.
- Grant-in-aid
- Financial assistance given to an organization or project from the government.
Limits and Unknowns
- The exact purchases and projects are not specified in the bill.
- It is unclear how the bond proceeds will be managed by the Department of Emergency Services and Public Protection.