The proposed bill, General Assembly Proposed Bill No. 6741, seeks to authorize the issuance of state bonds to fund 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 and funding process. The primary purpose of this legislation is to support economic development in the region by establishing a shipbuilding facility, which is expected to enhance local employment opportunities and contribute to the community's growth.