Plain English Breakdown
The exact details about how and when the bonds will be issued are not specified in the provided official source material.
Act Allowing State Bonds for Multimodal Track
This act allows the state to issue bonds up to $2 million to fund a multimodal track on Connecticut Route 117 from Ledyard to Groton.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $2 million.
- The money raised will be used by the Department of Economic and Community Development for a grant-in-aid to the town of Ledyard.
- Funds will go to the town of Ledyard for a multimodal track on Route 117 from Ledyard to Groton.
Who It Names or Affects
- The State Bond Commission
- Department of Economic and Community Development
- Town of Ledyard
Terms To Know
- Multimodal track
- A transportation system that can be used by different types of vehicles, like trains or buses.
- State Bond Commission
- An organization in the state government that decides on issuing bonds to raise money for projects.
Limits and Unknowns
- The exact details about how and when the bonds will be issued are not specified.
- It is unclear what types of vehicles will use this multimodal track.