The proposed bill, General Assembly Proposed Bill No. 167, seeks to authorize the issuance of state bonds not exceeding one million dollars. The funds generated from these bonds will be allocated to the Department of Energy and Environmental Protection, which will provide a grant-in-aid to the town of Sprague. The purpose of this funding is to develop plans and designs for the removal of the Old Papermill Pond Dam.

This initiative aims to address environmental concerns associated with the dam and facilitate its removal, thereby potentially improving local ecosystems and water quality. The bill emphasizes the state's commitment to supporting local efforts in environmental management and infrastructure improvement.