Proposed Bill No. 162 authorizes the State Bond Commission to issue bonds totaling up to fourteen million 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 Southeastern Connecticut Water Authority. The purpose of this funding is to facilitate the upgrade of waterlines and connections specifically in Montville Manor, located in the town of Montville.

The bill aims to enhance the water infrastructure in the area, ensuring improved service and reliability for residents. The legal language introduced in this bill includes the authorization for the bond issuance and the specific allocation of funds for the waterline upgrades, while there are no deletions from current law noted in the text provided.