SB 1005 - Bond Authorization Summary

• Authorizes State Bond Commission to issue bonds for nine separate grant-in-aid projects administered by the Department of Economic and Community Development, effective July 1, 2013.

• Section 1 authorizes up to $1,000,000 for West Haven's Phase II streetscaping project.

• Section 2 authorizes up to $250,000 for the Institute for the Hispanic Family in Hartford to renovate the Frank and Katherine Secoll House for a therapeutic preschool classroom and parenting classes.

• Section 5 authorizes up to $750,000 for New Haven's youth community center.

• Sections 3, 4, 6, 7, 8, and 9 authorize bonds for additional projects in Stratford, New Haven Works, Bridgeport, and New Haven but specify no dollar amounts in the text provided.

• All bonds issued are general obligations of the state with full faith and credit pledged, mature within 20 years, and require State Bond Commission authorization upon request signed by the Secretary of the Office of Policy and Management.