Plain English Breakdown
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State Bonds for Norwich's Integrated Day Charter School
This act allows the state to issue bonds up to $4,600,000 to fund capital improvements at the Integrated Day Charter School in Norwich.
What This Bill Does
- Allows the State Bond Commission to issue bonds for the school.
- Limits the total bond amount to no more than $4.6 million.
- Requires that the money be used by the Department of Education as a grant-in-aid for the charter school's capital improvements.
Who It Names or Affects
- The Integrated Day Charter School in Norwich
- The State Bond Commission
Terms To Know
- Bonds
- Money borrowed by a government that must be paid back with interest.
- Grant-in-aid
- Financial assistance given to an organization or project from the government.
Limits and Unknowns
- The bill does not specify how the funds will be used for capital improvements.
- It is unclear when the bonds will actually be issued after this act passes.