CT SB01242

Authorizes the State Bond Commission to issue up to $20 million in bonds for the Connecticut Port Authority, with proceeds deposited into a small harbor improvement projects account

Establishes a competitive grant program for small harbor improvement projects, available to municipalities and private entities for dredging and maritime infrastructure projects at harbors not under Connecticut Port Authority jurisdiction (excluding New Haven, New London, and Bridgeport)

Grants may cover local/state matching requirements, environmental regulatory costs, project costs when federal funds are inadequate, and reimbursement for previously approved projects

Requires the Connecticut Port Authority to give preference to municipal applications and determine matching requirements for private entities

Allocates $6.75 million in grants-in-aid for port improvements, with at least $5 million reserved for harbors and marinas outside the deep water ports of Bridgeport, New Haven, and New London