CT HB05479

Updates deadline for Secretary of Office of Policy and Management to submit state real property inventories to legislative committees from March 15, 2013 to July 1, 2016, with annual submissions thereafter.

Authorizes municipalities to issue pension deficit funding bonds and temporary notes (up to the bond amount) to pay lump sum obligations to beneficiaries of closed pension funds.

Expands municipal reserve funds to include costs associated with property tax revaluations and preparation, amendment, or adoption of conservation and development plans under section 8-23.

Permits reserve fund expenditures for capital improvements, equipment acquisition, property tax revaluation costs, and conservation and development plan costs, with appropriations continuing until project completion.

Allows municipalities to make appropriations from reserve funds if insufficient, or to issue bonds to supplement reserve funds for capital expenditures, revaluations, and conservation planning, provided estimated revenue is sufficient.