Loading chat...
CT SB00479
Bill
Status
1/22/2015
Primary Sponsor
Transportation Committee
Click for details
AI Summary
-
Authorizes the State Bond Commission to issue special tax obligation bonds not exceeding $4 billion in aggregate for rail infrastructure upgrades, with staggered implementation from July 1, 2016 through July 1, 2024
-
Funds Danbury rail line electrification in phases (Norwalk to Wilton, then Wilton to Danbury) and extension of passenger service to New Milford
-
Funds Waterbury rail line improvements to increase train frequency and add stops in Seymour, Shelton, and Derby
-
Funds New Canaan rail line station upgrades including canopy construction and coordinates Housatonic rail line planning with Massachusetts to improve freight service while planning for future passenger service
-
Bonds are special obligations of the state payable only from pledged state revenues and do not create state liability beyond pledged funds
Legislative Description
An Act Authorizing Special Tax Obligation Bonds Of The State For Upgrades To Rail Infrastructure.
Last Action
Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding
3/24/2015