SB 503 Summary

• Authorizes $250.2 million in general obligation bonds for state capital improvements including $181 million for State Office Building renovations in Hartford and $60 million for York Correctional Institution heating/cooling plant replacement.

• Authorizes $47.5 million in bonds for grants-in-aid programs including $20 million for supportive housing for persons with intellectual disabilities, $10 million for open space acquisition in Glastonbury, and $10 million for economic development credit payments.

• Authorizes $5 million in bonds for the Biomedical Research Trust Fund to support medical research in heart disease, cancer, Alzheimer's, stroke, and diabetes at eligible in-state institutions.

• Authorizes $375,000 in special tax obligation bonds for roadway improvements to Lakeside Boulevard in Waterbury.

• Authorizes state grant commitments totaling approximately $269 million for school building projects in districts statewide, including major projects in Bridgeport, Stratford, Danbury, and other municipalities, with reimbursement rates ranging from 31.76% to 95%.