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CT SB00029
Bill
Status
5/22/2014
Primary Sponsor
Donald Williams
Click for details
AI Summary
SB 29 Summary
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Authorizes $361.1 million in general obligation bonds for capital improvements across multiple state agencies, including information technology upgrades, courthouse development, and infrastructure projects at state facilities
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Establishes the Smart Start competitive grant program with $105 million in bonding authority (phased from FY2015-FY2023) to fund early childhood education initiatives
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Creates the Regenerative Medicine Research Fund with $40 million in bonding authority (phased over FY2016-FY2018) to support stem cell and regenerative medicine research at Connecticut institutions
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Establishes the Connecticut Manufacturing Innovation Fund with $30 million in bonding authority and creates a Manufacturing Innovation Advisory Board to provide grants and support for aerospace, medical device, and advanced manufacturing sectors
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Renames and expands "The Connecticut State University System Infrastructure Act" to "The Board of Regents for Higher Education Infrastructure Act" and increases bonding authority for CSCU 2020 projects from $950 million to $1.0535 billion, extending Phase III through FY2019
Legislative Description
An Act Authorizing And Adjusting Bonds Of The State For Capital Improvements, Transportation And Other Purposes, And Concerning Miscellaneous Programs, Including The Smart Start Program, The Water Improvement System Program, School Security Grants, The Regenerative Medicine Research Fund, The Connecticut Manufacturing Innovation Fund And The Board Of Regents For Higher Education Infrastructure Act.
Last Action
Signed by the Governor
5/22/2014