Plain English Breakdown
While the bill has passed both chambers, its final status depends on executive action which is not shown in the source text.
State Bonds to Build Sewer and Water Lines in Franklin
This bill allows the state to issue up to $2 million in bonds to fund a sewer and water line project for the town of Franklin.
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 Energy and Environmental Protection.
- Requires that funds be used as a grant for building sewer and water lines in Franklin.
- Specifies that the project includes connecting Franklin's system to the city of Norwich.
Who It Names or Affects
- The State Bond Commission
- The Department of Energy and Environmental Protection
- The town of Franklin
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 that does not need to be paid back.
Limits and Unknowns
- The bill sets a maximum funding limit of two million dollars.
- The text does not state when the project will start or finish.
- The effective date for this law is not listed in the provided source material.