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CT HB06840

Bill

Status

Introduced

2/19/2015

Primary Sponsor

Brendan Sharkey

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Authorizes the State Bond Commission to issue up to $795,050,000 in special tax obligation bonds for transportation infrastructure, with $520,200,000 effective July 1, 2016.

  • Funds highway projects including Interstate 84 widening and viaduct replacement in Hartford, Interstate 95 widening between Bridgeport and Stamford, and various interchange improvements across the state.

  • Supports public transportation expansion including bus rapid transit corridors, rail rolling stock replacement, Hartford Line expansion, new rail stations, and real-time transit information systems.

  • Requires the Secretary of the Office of Policy and Management to file requests with the State Bond Commission identifying specific projects and recommendations for combining state bonds with federal or private funding sources.

  • Establishes that bonds are special state obligations repayable only from pledged state revenues and do not create liability for the state beyond available pledged funds.

Legislative Description

An Act Concerning Investments In Connecticut's Transportation Infrastructure.

Last Action

File Number 803

5/11/2015

Committee Referrals

Finance, Revenue and Bonding2/19/2015

Full Bill Text

No bill text available