The proposed bill, General Assembly Proposed Bill No. 46, seeks to authorize the issuance of state bonds totaling up to three million five hundred thousand dollars. This funding is intended to support the restoration and conversion of the historic train station in Wallingford, Connecticut. The proceeds from the bonds will be allocated to the Department of Economic and Community Development, which will provide a grant-in-aid to the Economic Development Commission of Wallingford for this project.

The bill emphasizes the importance of restoring the train station for the benefit of the local economy and community, aiming to enhance the area's historical significance and utility. The legal framework for the bond issuance is established in accordance with section 3-20 of the general statutes, ensuring that the process aligns with existing state laws.