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CT HB05278
Bill
Status
2/22/2024
Primary Sponsor
Planning and Development Committee
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AI Summary
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Increases planning grant funding from 50% to 100% of planning costs for municipalities undertaking transit-oriented development projects, as defined in section 13b-79o, if the commissioner determines substantial likelihood the project will be completed.
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Maintains existing 100% planning grant funding for distressed municipalities as defined in section 32-9p.
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Municipal share of planning costs may continue to be paid through noncash contributions with value determined by the commissioner.
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Requires the Secretary of the Office of Policy and Management to consider areas suitable for transit-oriented development when making recommendations for priority funding area boundaries in the state.
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Effective date of October 1, 2024 for amendments to sections 8-190 and 16a-35c(b) of the general statutes.
Legislative Description
An Act Concerning Incentives For Transit-oriented Development.
Last Action
File Number 403
4/10/2024