Plain English Breakdown
The official text does not define general terms like 'bonds' or 'multimodal track', so definitions were removed per rules.
State Bonds for a Multimodal Track in Ledyard
This bill allows the state to issue up to $2 million in bonds to fund a grant-in-aid for building a multimodal track on Route 117 in the town of Ledyard.
What This Bill Does
- Empowers the State Bond Commission to authorize the sale of state bonds.
- Limits the total amount of new debt to no more than $2 million.
- Requires that bond money go to the Department of Economic and Community Development.
- Directs funds for a grant-in-aid to the town of Ledyard.
- Specifies that the project is a multimodal track on Connecticut Route 117 extending to the Groton town line.
Who It Names or Affects
- The State Bond Commission
- The Department of Economic and Community Development
- The town of Ledyard
Limits and Unknowns
- The bill does not set an effective date.
- The text does not list specific construction start or end dates.