Bill > SB00130

This bill authorizes the State Bond Commission to issue up to $35 million in state bonds over fiscal years 2026 and 2027, to be used by the Office of Policy and Management to establish the "Connecticut Bond Bank," an interest-free capital loan program for municipalities. The program is specifically designed to help small municipalities with high credit ratings access tax-exempt capital for funding infrastructure projects. By providing these low-cost loans directly through the state, the bill aims to support local governments in financing critical infrastructure improvements without imposing additional financial burden. The bond issuance will follow existing procedures under section 3-20 of the general statutes, ensuring that the program is implemented within established state financial guidelines.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00130&which_year=2025