Plain English Breakdown
Checked against official source text during the last sync.
Funding Plans to Remove a Dam in Sprague
This bill allows the state to issue up to $1 million in bonds to pay for plans and designs needed to remove Old Papermill Pond Dam.
What This Bill Does
- Empowers the State Bond Commission to authorize new state bonds.
- Limits the total amount of these bonds to one million dollars.
- Requires that bond money goes to the Department of Energy and Environmental Protection.
- Directs funds as a grant-in-aid to the town of Sprague.
- Restricts fund use to creating plans and designs for dam removal.
Who It Names or Affects
- The State Bond Commission
- The Department of Energy and Environmental Protection
- The Town of Sprague
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 to another group or local town.
Limits and Unknowns
- The bill only covers the cost of plans and designs, not the actual removal work.
- The text does not state when this funding will be available or used.