CT SB01094

State Bond Commission authorized to issue up to $64 million in bonds over four years: $13.5 million effective July 1, 2022; $23.5 million effective July 1, 2023; $13.5 million effective July 1, 2024; and $13.5 million effective July 1, 2025.

Bond proceeds directed to CTNext for recapitalizing the innovation place program for existing and new innovation places, with $10 million designated for CTNext Fund general operational purposes in fiscal year 2023-2024.

Bonds are general obligations of the state with maturity not exceeding 20 years; State Treasurer authorized to pay principal and interest from appropriated funds.

Removed deadline requirement from statute allowing Connecticut Innovations, Incorporated to post planning grant application forms on its website; applications submitted to CTNext board.

Changed CTNext board reporting requirement from annual reports through September 2020 to annual reports on or before September 30th each year to joint standing committees on commerce, finance, revenue and bonding.