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CT SB00144

Bill

Official Source

Status

Introduced

2/22/2022

Primary Sponsor

Catherine Osten

Click for details

Origin

Senate

2022 General Assembly

AI Summary

  • Increase bond authorization for the small town economic assistance program with $30 million authorized for fiscal year ending June 30, 2023, and $4 million for each of the following five fiscal years
  • Eliminate matching fund requirements for municipalities receiving up to $500,000 in grants annually, while allowing use of federal or municipal resources and multiple grants for single projects
  • Increase maximum annual grant amount municipalities can receive from $500,000 to $1 million, phased in over five fiscal years
  • Require state budget to reflect bond authorization amounts in each applicable fiscal year

Legislative Description

An Act Concerning Bond Authorizations For And Grants Under The Small Town Economic Assistance Program.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/22/2022

Committee Referrals

Finance, Revenue and Bonding2/22/2022

Full Bill Text

No bill text available