Raised Bill No. 430, introduced in the February Session, 2024, is an act that authorizes the State Bond Commission to issue bonds for the establishment of an advanced manufacturing apprenticeship and community robotics center at Tunxis Community College. The bill permits the issuance of bonds in series, with the total principal amount not to exceed four million dollars. The proceeds from the sale of these bonds are specifically allocated for the development of the center in collaboration with local manufacturers.

The bill also incorporates all provisions of section 3-20 of the general statutes that are not inconsistent with its provisions, applying them to the bonds authorized by the State Bond Commission under this act. It allows for the issuance of temporary notes in anticipation of the sale of the bonds, and sets the maturity of the bonds at no more than twenty years from their issue dates. The bonds are designated as general obligations of the state, with the full faith and credit of the state pledged for the payment of principal and interest. The act ensures the appropriation of all necessary amounts for the punctual payment of the bonds and interest, mandating the State Treasurer to make such payments as they become due. The act is set to be effective from July 1, 2024, and creates a new section in the law.