The proposed bill, General Assembly Proposed Bill No. 1040, seeks to amend chapter 109 of the general statutes to enable municipalities to issue bonds specifically for the purpose of investing in energy grid modernization projects. This legislative change aims to provide local governments with the financial tools necessary to enhance and upgrade their energy infrastructure, thereby promoting efficiency and sustainability in energy distribution.

The bill does not contain any deletions from current law but introduces new legal language that explicitly allows municipalities to undertake these financial initiatives. By facilitating bond issuance for energy grid improvements, the bill supports local efforts to modernize energy systems, which is essential for meeting contemporary energy demands and addressing environmental concerns.