AN ACT AUTHORIZING BONDS OF THE STATE FOR CONSTRUCTION OF HOUSING FOR PERSONS WHO ARE ELDERLY AND WITH DISABILITIES IN THE TOWN OF GRISWOLD.

This bill authorizes the state to issue up to $13.5 million in bonds to fund housing construction for elderly and disabled individuals in the town of Griswold. The funds would be provided as a grant-in-aid through the Department of Housing to support building projects specifically for this population. The State Bond Commission would be empowered to approve the bond issuance, with the proceeds allocated for the designated housing development. This legislation directly affects the town of Griswold and the state's financial and housing authorities.