LCO No. 2588 1 of 1
General Assembly Proposed Bill No. 638
January Session, 2019
LCO No. 2588
Referred to Committee on FINANCE, REVENUE AND
BONDING
Introduced by:
SEN. SOMERS, 18th Dist.
AN ACT AUTHORIZING BONDS OF THE STATE FOR ECONOMIC
DEVELOPMENT AND INFRASTRUCTURE IN STONINGTON.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the State Bond Commission be empowered to authorize the 1
issuance of bonds of the state in accordance with section 3-20 of the 2
general statutes, in principal amounts not exceeding in the aggregate 3
ten million dollars, the proceeds of which shall be used by the 4
Department of Economic and Community Development for the 5
purpose of providing a grant-in-aid to the town of Stonington for 6
infrastructure, waste water management, opening public access and 7
economic development along the Mystic River. 8
Statement of Purpose:
To provide funding for economic development and infrastructure in
Stonington.