CT SB00816

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

Defines "elderly homeowner" as a property owner age 65 or older who has lived in their municipality for at least 10 years and has qualifying income not exceeding limits set in section 12-170aa of the general statutes.

Allows the state to provide loans to eligible elderly homeowners who have failed to pay property taxes for at least two assessment years, with loan principal not exceeding the amount of unpaid taxes and interest charged at the prevailing rate.

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

Specifies that receiving financial assistance under this program does not disqualify borrowers from other elderly homeowner tax benefits and requires the Secretary to adopt regulations governing application procedures and loan priorities.