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CT SB00012

Bill

Status

Introduced

2/6/2020

Primary Sponsor

Martin Looney

Click for details

Origin

Senate

2020 General Assembly

AI Summary

Governor's Bill No. 12 Summary

  • Authorizes $323.45 million in general obligation bonds for capital improvements including State Capitol restoration ($15 million), IT infrastructure ($95 million), transportation ($100 million), and Connecticut State Colleges and Universities projects.

  • Authorizes $100 million in housing bonds for development, rehabilitation, and affordable housing programs administered by the Department of Housing, with up to $30 million for revitalization of state moderate rental housing units.

  • Authorizes $234.5 million in bonds for grants-in-aid to municipalities, schools, nonprofits, and other entities for infrastructure, workforce training, economic development, and water system improvements.

  • Authorizes $776.615 billion in special tax obligation bonds and $782.375 billion in additional transportation bonds (effective July 1, 2020) for highway, bridge, bus and rail projects.

  • Makes technical adjustments to existing bond authorizations for education facilities, higher education infrastructure projects, environmental protection, and affordable housing trust fund capitalization.

Legislative Description

An Act Authorizing And Adjusting Bonds Of The State For Capital Improvements, Transportation And Other Purposes.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/6/2020

Committee Referrals

Finance, Revenue and Bonding2/6/2020

Full Bill Text

No bill text available