Plain English Breakdown
The bill summary does not specify exact details of how funds will be used beyond improvements on Doubleday Road.
Act Allowing State Bonds for Doubleday Road Improvements
This act allows the state to issue bonds up to $10 million to fund improvements on Doubleday Road in Columbia.
What This Bill Does
- Allows the State Bond Commission to authorize the issuance of bonds.
- Limits the total amount of bonds to ten million dollars.
- Requires that bond proceeds be used by the Department of Transportation for a grant-in-aid to improve Doubleday Road, including drainage, bridge work, and roadbed repairs.
Who It Names or Affects
- The State Bond Commission
- The Department of Transportation
- Residents and businesses in Columbia
Terms To Know
- State Bonds
- Money borrowed by the state to fund projects.
- Grant-in-Aid
- Financial assistance given by a government agency to support specific projects or programs.
Limits and Unknowns
- The exact details of how the funds will be used are not specified beyond improvements on Doubleday Road.
- It is unclear when and if the bonds will actually be issued after this act passes.