SB 1242 Summary

• Authorizes $239.1 million in state bonds for capital improvements across multiple departments including information technology systems, building renovations, infrastructure repairs, and energy conservation projects effective July 1, 2011.

• Authorizes $55 million in bonds for Department of Economic and Community Development housing development, rehabilitation, and supportive housing initiatives effective July 1, 2011.

• Authorizes $76.25 million in bonds for grants-in-aid to municipalities and nonprofits for environmental remediation, brownfield redevelopment, public health facilities, and transportation port improvements effective July 1, 2011.

• Authorizes $578.6 million in special tax obligation bonds and $515.2 million in additional special tax obligation bonds (effective July 1, 2012) for Department of Transportation projects including highway programs, bridge repairs, bus and rail facilities, and airport improvements.

• Authorizes Commissioner of Education to enter into state grant commitments totaling approximately $278 million for multiple school building construction and renovation projects prioritized by the State Board of Education, with specific grant allocations for districts including Bridgeport, Milford, New Britain, and interdistrict magnet schools.