CT SB00986

Amends section 15-31b(a) of Connecticut General Statutes to redefine the purposes of the Connecticut Port Authority to include coordinating port and harbor development, pursuing federal and state funding for dredging and infrastructure, marketing economic development, and serving as the Governor's principal maritime policy advisor.

Grants the authority power to enter into joint ventures and invest in business entities (corporations, LLCs, partnerships) to advance port purposes, with authority officers and employees able to serve as directors or officers of such entities without additional compensation.

Allows the authority to award grants, subsidies, and loans to persons or entities pursuant to procedures adopted under section 1-121, and to charge reasonable fees for services with modifications made through established procedures.

Exempts the executive director and employees from classified state service but designates them as state employees for group welfare benefits and retirement purposes, with the authority reimbursing state agencies for all associated costs.

Authorizes the authority to invest in, acquire, lease, purchase, own, and dispose of real property without state agency approval under title 4b, except that fee simple ownership of port or harbor properties cannot be conveyed without approval from the State Properties Review Board and Attorney General.