Connecticut Senate Bill SB00714

Connecticut 2013 Regular Session

• Introduced: 1/28/13
• Refer: 1/28/13

Caption

An Act Authorizing Bonds Of The State For Mystic Seaport Museum In New London.

Impact

The passage of SB00714 would likely enhance the state's historical preservation initiatives and stimulate local tourism by improving the Mystic Seaport Museum. The restoration of the Charles W. Morgan is particularly significant as it represents an important part of maritime history. The funding would not only contribute to the maintenance of this vessel but also potentially attract more visitors, which in turn could have positive economic implications for the surrounding community through increased visitor spending.

Summary

SB00714 is proposed legislation that empowers the State Bond Commission to issue bonds not exceeding two million dollars. The purpose of this funding is to allocate a grant-in-aid to the Mystic Seaport Museum located in New London. Specifically, the funds will be utilized for the renovation and restoration of the whaleship Charles W. Morgan, which holds the title of America's oldest commercial vessel and the last remaining whaling ship. This effort reflects a commitment to preserving historical artifacts and promoting cultural heritage in the state.

Contention

While the bill aims to promote economic development and historical preservation, it may face scrutiny regarding the allocation of state funds, especially in times when budget considerations are paramount. Questions may arise about prioritizing funding for a museum versus other pressing state needs. Furthermore, the process of issuing bonds could lead to public discussions around fiscal responsibility and long-term financial implications for the state. Overall, the contention surrounding this bill appears to focus on balancing cultural initiatives with fiscal prudence.