Connecticut Senate Bill SB00122

Connecticut 2018 Regular Session

• Introduced: 2/15/18
• Refer: 2/15/18

Caption

An Act Authorizing Bonds Of The State For The Restoration Of The Buckingham Memorial Bridge In Norwich.

Impact

The passage of SB00122 is expected to have a positive economic impact on Norwich and the surrounding areas. By providing the necessary funding for the Buckingham Memorial Bridge's restoration, the bill aims to improve the safety and usability of the bridge, which is critical for transportation and local commerce. The restoration project may create jobs related to the construction and engineering sectors, thus contributing to local economic development.

Summary

SB00122 is an act that authorizes the issuance of state bonds to fund the restoration of the Buckingham Memorial Bridge in Norwich. The bill empowers the State Bond Commission to issue bonds amounting to no more than two million dollars for this purpose. The funding provided through this legislation is intended to support the city of Norwich by offering a grant-in-aid for the restoration project, which is seen as crucial for maintaining local infrastructure and enhancing community access.

Contention

While the bill is generally viewed favorably, some stakeholders may express concern regarding the allocation of state funds and the management of bond issuance. There may be discussions around the appropriateness of investing in bridge restoration versus other pressing state needs, such as education or public health. Additionally, the impact on local taxpayers and the long-term financial implications of increased state debt due to bond issuance could be potential points of contention during legislative discussions.