Bill > SB00914

This bill authorizes the State Bond Commission to issue up to $350,000 in state bonds to help the Department of Economic and Community Development (DECD) remediate a brownfield site and stabilize a building located at 14 Bridge Street in Montville. A brownfield is a property where previous industrial or commercial use has potentially contaminated the land, making it complicated or expensive to redevelop. The bond funding will specifically be used to clean up environmental hazards at the site and make structural improvements to the building, with the likely goal of preparing the property for future economic development or community use. The bonds will be issued in accordance with existing state statutes (specifically section 3-20 of the general statutes), which provide guidelines for how the state can issue and manage such financial instruments. The bill represents a targeted approach to addressing a specific property's environmental and structural challenges in the town of Montville.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00914&which_year=2025