CT SB00156

Establishes the "Elderly Homeowner Property Tax Revolving Loan Fund" as a separate nonlapsing account within the General Fund, administered by the Secretary of the Office of Policy and Management.

Defines "elderly homeowner" as property owners age 65 or older who have resided in their municipality for at least 10 years and whose income does not exceed limits set in Connecticut General Statutes section 12-170aa.

Allows the state to provide loans to eligible elderly homeowners who have failed to pay property taxes for at least two assessment years preceding application, with principal not exceeding the amount of unpaid taxes.

Grants the Secretary a lien on the property in the amount of the loan plus prevailing rate interest, with priority over all liens except municipal property tax liens.

Permits the Secretary to adopt regulations establishing application procedures and eligibility priorities, and prohibits loan recipients from losing eligibility for other benefits under sections 12-129b, 12-129c, 12-129n, or 12-170aa.