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CT SB00622

Bill

Official Source

Status

Introduced

1/24/2013

Primary Sponsor

Kevin Kelly

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Establishes a revolving loan fund to provide low-interest loans to municipalities for financing property tax relief benefits under section 12-170v of the general statutes
  • Designates the Department of Economic and Community Development to administer the loan fund
  • Loans are intended to cover municipal revenue lost from granting tax relief to elderly homeowners
  • Municipalities may borrow funds until the property tax relief benefit has come due and been paid

Legislative Description

An Act Concerning Low Interest Loans To Municipalities To Provide Property Tax Relief To Seniors.

Last Action

Public Hearing 02/19

2/15/2013

Committee Referrals

Commerce2/1/2013
Planning and Development1/24/2013

Full Bill Text

No bill text available