Plain English Breakdown
Checked against official source text during the last sync.
State Bonds for South Windsor Water Storage
This bill allows the state to issue up to $1 million in bonds to fund a new water storage facility in South Windsor.
What This Bill Does
- Authorizes the State Bond Commission to sell state bonds totaling no more than one million dollars.
- Requires that bond money be given as a grant-in-aid by the Department of Energy and Environmental Protection.
- Directs funds toward building a water storage facility in the town of South Windsor.
- Supports emergency responses for residential fires and other disasters with stored water.
Who It Names or Affects
- The State Bond Commission
- The Department of Energy and Environmental Protection
- The Town of South Windsor
Terms To Know
- Bonds
- Money the state borrows from investors to pay for projects, which it promises to repay later with interest.
- Grant-in-aid
- Financial help given by a higher government level to a local town or agency without needing repayment.
Limits and Unknowns
- The bill does not state when the project will start or finish.
- No effective date is listed in the provided source material.