Bill > SB00124

This bill proposes to increase the bond authorization for the Connecticut Bioscience Innovation Fund by $25 million. Specifically, the bill amends section 32-41dd of the Connecticut General Statutes to provide additional funding for bioscience innovation. Bond authorization means the state is granting legal permission to borrow a specified amount of money to support the fund, which appears to be designed to provide financial resources to encourage and develop bioscience research, technology, and business development in Connecticut. The additional $25 million will likely help support emerging bioscience companies, research initiatives, and innovation in the state's biotechnology and life sciences sectors, potentially fostering economic growth and technological advancement in these critical fields.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00124&which_year=2025