Bill > SB01564

This bill amends a previous special act regarding a land conveyance to the Catherine Violet Hubbard Foundation, Inc. in Newtown, Connecticut. Originally, the foundation was required to use the approximately 34.44-acre parcel exclusively for an animal sanctuary, wildlife preserve, or nature preservation purpose, with strict conditions that would cause the land to revert to the state if those conditions were not met. The bill now provides more flexibility by allowing the foundation to use a portion or all of the parcel as security for a loan to finance the construction of an educational barn, main facility, and veterinary intake facility. Additionally, the foundation can now potentially lease the land and subject it to foreclosure if they default on the loan. In the event of foreclosure, the foreclosing entity must first offer to sell the parcel to the state, and if the state declines, then offer it to the town of Newtown. The bill maintains the state's reserved 50-foot wide easement for access and agricultural purposes, ensuring that the land's broader utility is preserved while giving the foundation more financial and operational flexibility.

Government Affairs

Government Oversight Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01564&which_year=2025