Bill > HB06319

This bill proposes to modify section 32-285a of the general statutes to expand the eligibility for municipalities to propose projects to the Community Investment Fund 2030 Board. Specifically, the bill would allow municipalities that have at least one economically distressed census tract within their boundaries to submit eligible projects for consideration by the board. An economically distressed census tract typically refers to a geographic area with high levels of poverty, unemployment, or other economic challenges, as defined by the U.S. Census Bureau. The Community Investment Fund 2030 Board is likely a state-level entity focused on supporting economic development and investment in struggling communities. By broadening the pool of municipalities that can propose projects, the bill aims to provide more opportunities for targeted economic development and revitalization in areas that are experiencing significant economic challenges.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06319&which_year=2025