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Bill > SB00858


CT SB00858

An Act Concerning The Mashantucket Pequot And Mohegan Fund.


summary

Introduced
01/22/2025
In Committee
05/12/2025
Crossed Over
Passed
Dead

Introduced Session

Potential new amendment
2025 General Assembly

Bill Summary

To restore the Mashantucket Pequot and Mohegan Fund to its original intent of funding all towns.

AI Summary

This bill modifies the Mashantucket Pequot and Mohegan Fund to restore its original intent of funding towns affected by tribal lands. Specifically, the bill changes how funds from tribal agreements are distributed to municipalities from fiscal years 2015-2026, and establishes a new funding mechanism for fiscal years 2028 and beyond. For the fiscal years 2026 and subsequent years, the municipalities of Ledyard and Montville will each be eligible to receive up to $600,000 in grants if the state revokes taxation of non-Indian property on reservation land. The fund transfers from the General Fund to the Mashantucket Pequot and Mohegan Fund cannot be reduced without a two-thirds vote by the General Assembly and a certification of emergency by the Governor. The grants will continue to be distributed in three annual installments by the Office of Policy and Management, with the amounts potentially prorated if total grants exceed available funds. This bill ensures continued financial support for towns near tribal lands and provides a structured approach to fund distribution.

Committee Categories

Budget and Finance

Sponsors (5)

Other Sponsors (1)

Appropriations Committee (J)

Last Action

Senate LCO Amendment #8645 (D) - Senate LCO Amendment #8645 (D) (on 05/15/2025)

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