CT HB05323

Department of Transportation shall develop a transportation infrastructure investment plan covering July 1, 2020, through June 30, 2030, in consultation with the Office of Policy and Management

Plan must be submitted to the General Assembly by July 1, 2020, and include proposed expenditures of not more than $19 billion for repairing, rehabilitating, and improving state transportation infrastructure and facilities

Financing mechanisms for the plan include credit assistance programs, federal transportation grants, special tax obligation bonds, general obligation bonds, railroad financing loans, and cash financing

Plan shall include operating budget savings to the Special Transportation Fund through efficiency savings and transfer of employee-related expenses to the General Fund

Plan shall include personnel savings through filling vacant positions at less than 100 percent capacity and a one-time transfer of $500 million from the Budget Reserve Fund to the State Employees Retirement Fund for unfunded past service liabilities