CT HB05135

Requires the Finance, Revenue and Bonding Committee to deauthorize at least $200 million in current bond authorizations, including all authorizations made prior to January 1, 2005.

Authorizes $150 million for projects in alternative energy sources, fuel cell industry development, government efficiency, no-interest revolving loan funds for small business inventory purchases, and virtual learning.

Directs the Finance, Revenue and Bonding Committee to develop criteria for future bond authorizations, including competitive grant processes and prioritization of public safety, transportation, public health, welfare, and technology projects.

Requires sunsets for any projects not allocated by the State Board Commission within five years of authorization.

Aims to reduce overall bonding levels while targeting funding toward job creation and economic development.