CT SB01012

Connecticut Municipal Redevelopment Authority may issue bonds up to $50 million secured by special capital reserve funds, with the state required to appropriate General Fund money annually if reserve funds fall below required minimums

State agencies must notify the State Treasurer before incurring financial obligations exceeding $1 million or encumbering material state property, allowing the Treasurer to meet federal securities disclosure requirements

Removes the State Treasurer from membership on regional school district withdrawal/dissolution study committees, replacing that seat with a municipal bonding expert appointed by the regional board of education

Repeals sections 3-24a through 3-24h establishing the Tax-Exempt Proceeds Fund, and removes references to this fund from multiple statutes governing investment of state moneys

Requires Treasurer approval before any sale, lease, or disposition to nongovernmental entities of projects financed with tax-exempt state bonds that would cause the bonds to be treated as private activity bonds