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CT HB06853
Bill
Status
Passed
7/2/2015
Primary Sponsor
Planning and Development Committee
Click for details
AI Summary
- Authorizes the State Bond Commission to issue up to $20 million in bonds to fund grants through the intertown capital equipment purchase incentive program, with $10 million effective July 1, 2012
- Establishes a grant program allowing municipalities to jointly purchase or lease equipment and vehicles for governmental functions, effective October 1, 2011
- Increases maximum grant awards from 50% to 80% of total acquisition costs, or from $250,000 to $375,000, whichever is less
- Requires the Secretary of the Office of Policy and Management to develop guidelines by September 1, 2011, covering application procedures, eligibility criteria, fund allocation methods, and grant prioritization
- Directs the Secretary to publish grant availability notices and solicit proposals annually starting October 1, 2011, with all bonds backed by the full faith and credit of the state
Legislative Description
An Act Concerning Grants Available Through The Intertown Capital Equipment Purchase Incentive Program.
Last Action
Signed by the Governor
7/2/2015
Committee Referrals
Finance, Revenue and Bonding5/13/2015
Planning and Development2/19/2015
Full Bill Text
No bill text available