The proposed bill, General Assembly Proposed Bill No. 5196, seeks to authorize the issuance of state bonds to fund the planning and engineering of the Groton Community Center. Specifically, the bill empowers the State Bond Commission to issue bonds not exceeding a total of three hundred 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 Groton for the specified purpose.
This legislation aims to support the development of the Groton Community Center by facilitating necessary planning and engineering efforts. The bill does not include any deletions from current law but introduces new legal language to establish the bond authorization and its intended use.