CT SB00153

Repeals and replaces Section 47a-22a of general statutes, effective October 1, 2016, for tenants first commencing occupancy on or after that date.

Requires housing authorities and approved corporations providing public housing for senior citizens and disabled persons to return security deposits with interest at the time of tenancy termination, in accordance with Section 47a-21 standards.

Permits age-restricted public housing providers to allow tenants to pay security deposits in installments over at least 12 months in equal amounts at roughly monthly intervals, subject to a written agreement assessing the tenant's ability to pay.

Interest on security deposits does not accrue until the full security deposit, including all installment payments if applicable, has been paid in full.

Allows housing authorities and corporations to waive security deposits entirely or extend installment payment periods beyond 12 months at their discretion.