CT SB00087

Expands the South Central Connecticut Regional Water Authority's authority to invest in businesses related to water, energy, agriculture, the environment, or other activities deemed in customers' best interests, subject to representative policy board approval.

Changes the investment cap baseline from June 30, 2013 to June 30, 2016, and allows the five percent net utility plant limit to be exceeded with majority weighted vote approval of the representative policy board.

Adjusts member compensation on the representative policy board to reflect Consumer Price Index increases since 2012 (rather than changes since 2012) and sets adjustment dates for every fifth year starting January 1, 2015.

Modifies procurement procedures to allow electronic submission of bids or proposals in addition to sealed bids, and clarifies public notice publication methods including the authority's website.

Changes the lien foreclosure period for unpaid water and wastewater rates from ten years to fifteen years, and allows the representative policy board to set interest rates up to the maximum allowed by state law for unpaid property taxes.

Requires thirty days' advance written notice to affected town representative policy board members before selling or transferring property determined by the land use committee to have no significant adverse impact on open space or watershed policies.