CT HB07153

Establishes the Port Eastside Infrastructure Improvement District in East Hartford and the Park City Landing Infrastructure Improvement District in Bridgeport as independent bodies politic and corporate with authority to levy taxes, collect benefit assessments, and issue bonds for infrastructure improvements

Authorizes the East Hartford district to issue up to $125 million in bonds and the Bridgeport district to issue up to $190 million in bonds for infrastructure improvements including roads, sidewalks, sewers, water lines, parking facilities, environmental remediation, and waterfront improvements

Requires approval by two-thirds of property assessment holders to establish each district, with governance by an elected board of directors (five elected members plus one mayoral appointee) and annual meetings of district voters

Permits districts to enter interlocal agreements with their respective municipalities for sharing incremental tax revenues, with bonds requiring ratification by the town/city council before issuance

Allows municipalities to merge the districts back into the town/city by council vote if no bonds are issued within 10 years or after all authorized bonds are no longer outstanding