CT SB01004

Authorizes the State Bond Commission to issue $578,649,193 in special tax obligation bonds effective July 1, 2011, for transportation projects including highways, bridges, public transit, aviation, and department facilities.

Allocates 2011 bond proceeds for Department of Transportation projects: $13 million for Interstate Highway Program, $44 million for Intrastate Highway Program, $137.8 million for capital resurfacing, $66.15 million for bridge repairs, $156.722 million for bus and rail facilities, and $37.52 million for department facilities.

Authorizes an additional $515,239,168 in special tax obligation bonds effective July 1, 2012, with similar allocations to transportation infrastructure including highways, bridges, public transit, and state facilities.

Requires State Bond Commission approval based on filed requests from the Secretary of the Office of Policy and Management and completion of required environmental and farmland impact statements before bond authorization.

Establishes that bonds are special obligations of the state payable only from pledged revenues under Connecticut General Statutes sections 13b-61 and 13b-61a, with no liability to the state or political subdivisions beyond pledged funds.