The proposed bill, General Assembly Proposed Bill No. 5135, seeks to authorize the issuance of state bonds to fund the development of a youth center in the Fair Haven community of New Haven. Specifically, the bill empowers the State Bond Commission to issue bonds not exceeding a total of two million five hundred 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 city of New Haven for the youth center project.
The primary purpose of this legislation is to secure funding for the establishment of a youth center aimed at benefiting the Fair Haven community. The bill does not include any deletions from current law but introduces new legal language to facilitate the bond issuance and funding process.