The proposed bill, General Assembly Proposed Bill No. 5069, seeks to authorize the issuance of state bonds to fund road work in the town of New Milford. Specifically, the bill empowers the State Bond Commission to issue bonds in principal amounts not exceeding a specified aggregate amount, the exact figure of which is to be determined. The proceeds from these bonds will be allocated to the Department of Transportation, which will provide a grant-in-aid to New Milford for road work that is outlined in the department's New Milford Road Safety Audit report from October 2024.
The primary purpose of this legislation is to secure funding for road improvements that have been identified as necessary for enhancing safety in New Milford, as per the recommendations in the aforementioned audit report. The bill does not include any deletions from current law but introduces new legal language to facilitate the bond issuance process and ensure the allocation of funds for the specified road work.