The proposed bill, General Assembly Proposed Bill No. 5188, seeks to authorize the issuance of state bonds for the construction of the USS Groton Sail Monument. Specifically, it 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 USS Groton Sail Foundation for the monument's construction.

The bill does not include any deletions from current law but introduces new legal language to facilitate the bond issuance process. The primary purpose of this legislation is to secure funding for the USS Groton Sail Monument, thereby supporting the recognition and commemoration of the USS Groton and its contributions.