Plain English Breakdown
The official source does not specify that the bill takes effect on July 1, 2026; it only states when the fiscal year begins.
Capital Expense Fund Appropriation for Beulah
This bill provides an appropriation of $331,250 from the Capital Expense Fund to the Town of Beulah for fiscal year 2027 to improve its water and sewer system.
What This Bill Does
- Appropriates $331,250 from the Capital Expense Fund to the Town of Beulah for improving their water and sewer systems in fiscal year 2027.
- Requires the State Treasurer to pay this money upon requisitions signed by proper town officials.
- Sets a deadline for the bill's effects starting July 1, 2026.
Who It Names or Affects
- The Town of Beulah
- State Treasurer and Fiscal Officer
Terms To Know
- Capital Expense Fund
- A fund used by the state to pay for large projects that cost a lot of money.
- Fiscal Year
- A period of one year used for budgeting and financial planning, starting July 1st in this case.
Limits and Unknowns
- The bill did not pass during the session.
- It is unclear if other towns will receive similar funding.