S.L. 2016-17 (Senate Bill 821) Summary

• Makes technical corrections to General Statutes as recommended by the General Statutes Commission, including updates to cross-references, outdated statutory citations, and clarifying language across multiple chapters.

• Modernizes banking and financial institution terminology by replacing references to "banks," "savings and loan associations," and "trust companies" with "federally insured depository institutions" or "trust institutions authorized to do business in this State" in approximately 20 statutes.

• Updates various statutory provisions related to estates, trusts, property rights, and creditor protections, including changes to purchase-money mortgage provisions and clarifications regarding spousal liability for secured debts.

• Makes adjustments to reporting deadlines for education-related reports to the Joint Legislative Education Oversight Committee, changing most deadlines from September/October to November/December timeframes.

• Addresses miscellaneous technical amendments including updates to governmental structure references, correction of outdated statute citations, clarification of drug paraphernalia offenses, and adjustments to various state agency procedures and budgets.