Plain English Breakdown
The bill summary does not provide details on how funds will be managed or distributed once they reach the town of Sprague.
Act to Fund Renovation of Recreational Fields in Baltic
This act allows the state to issue bonds for funding the renovation, rehabilitation, and update of recreational fields in the village of Baltic.
What This Bill Does
- Allows the State Bond Commission to issue up to $2 million in bonds.
- Uses bond proceeds to fund a grant-in-aid provided by the Department of Economic and Community Development to improve recreational fields in Baltic.
Who It Names or Affects
- Residents of the village of Baltic who use recreational facilities.
- State agencies involved in issuing bonds and managing grants.
Terms To Know
- Grant-in-aid
- Money given by the state to a local government or organization to help pay for specific projects or services.
- State Bond Commission
- A group that decides whether the state can issue bonds, which are loans from investors to fund large projects.
Limits and Unknowns
- The bill does not specify how the funds will be distributed or managed once they reach the town of Sprague.
- It is unclear when and if the governor will sign this act into law after it passes both chambers.