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CT SB00722

Bill

Official Source

Status

Introduced

1/23/2015

Primary Sponsor

Kevin Kelly

Click for details

Origin

Senate

2015 General Assembly

AI Summary

  • Amends title 32 of the general statutes to establish a revolving loan fund administered by the Department of Economic and Community Development
  • Fund provides low-interest loans to municipalities to finance property tax relief benefits for seniors under section 12-170v
  • Loans cover municipalities' revenue losses from granting tax relief to elderly homeowners
  • Loan repayment occurs once tax relief benefits have come due and been paid

Legislative Description

An Act Concerning Low-interest Loans To Municipalities To Provide Property Tax Relief To Seniors.

Last Action

Referred to Joint Committee on Commerce

1/23/2015

Committee Referrals

Commerce1/23/2015

Full Bill Text

No bill text available