The proposed bill, General Assembly Proposed Bill No. 173, seeks to authorize the issuance of state bonds not exceeding a total of two million dollars. This funding is intended to support the Department of Economic and Community Development in providing a grant-in-aid to the town of Ledyard for the construction of a multimodal track along Connecticut Route 117, extending to the Groton town line.

The bill empowers the State Bond Commission to issue these bonds in accordance with existing statutes, specifically section 3-20 of the general statutes. There are no deletions from current law noted in the text, as the bill primarily introduces new provisions for funding the multimodal track project. The overall purpose of the bill is to enhance transportation infrastructure in the region by facilitating the development of this multimodal track.