CT HB06528

Authorizes the State Bond Commission to issue up to $130 million in bonds for brownfield remediation and development, with $25 million available July 1, 2012, and $10 million annually from 2013 through 2020.

Directs the Department of Economic and Community Development to use bond proceeds to fund projects prioritized on a state-wide brownfield inventory developed by the Office of Brownfield Remediation and Development.

Requires bonds to mature within 20 years and pledges the full faith and credit of the state of Connecticut for repayment of principal and interest.

Modifies section 32-9cc to require the Office of Brownfield Remediation and Development to develop and prioritize a state-wide inventory of brownfield opportunities using criteria including economic development viability, geographic diversity, and environmental urgency.

Effective July 1, 2011, with bond availability phased in over time through 2020.