The proposed bill, General Assembly Proposed Bill No. 6741, seeks to authorize the issuance of state bonds for the design and construction of a shipbuilding facility in Norwich, Connecticut. Specifically, the bill empowers the State Bond Commission to issue bonds not exceeding a total of nine hundred fifty thousand dollars. The proceeds from these bonds will be allocated to the Department of Economic and Community Development, which will provide a grant-in-aid to the town of Norwich for the project.

The bill does not contain any deletions from current law but introduces new legal language to facilitate the bond issuance process. The primary aim of this legislation is to secure funding that will support the development of a shipbuilding facility at 1 Wisconsin Avenue in Norwich, thereby promoting economic growth and job creation in the area.