Plain English Breakdown
The official source does not specify the exact purpose or timing of the grant-in-aid beyond establishing a skilled trades center.
Act for Bonds to Build Skilled Trades Center
This act allows the State Bond Commission to issue up to $1,500,000 in bonds to establish a skilled trades center at June Norcross Webster Scout Reservation.
What This Bill Does
- Allows the State Bond Commission to issue bonds of up to $1.5 million.
- Uses bond proceeds for grants to help establish a skilled trades center.
Who It Names or Affects
- State Bond Commission
- Department of Economic and Community Development
- Town of Ashford
Terms To Know
- Bonds
- Money borrowed by the state that needs to be paid back with interest.
- Grant-in-aid
- Financial assistance given by the government to help fund a project or program.
Limits and Unknowns
- The bill does not specify how long it will take to build the center.
- It is unclear when and if the bonds will be issued after this act passes.