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Bill > SB01564


CT SB01564

CT SB01564
An Act Amending A Prior Conveyance Of A Parcel Of State Land To The Catherine Violet Hubbard Foundation, Inc.


summary

Introduced
04/30/2025
In Committee
06/04/2025
Crossed Over
06/03/2025
Passed
07/01/2025
Dead
Signed/Enacted/Adopted
07/01/2025

Introduced Session

2025 General Assembly

Bill Summary

To amend a prior conveyance of land to the Catherine Violet Hubbard Foundation, Inc. to remove the restriction on leasing the parcel and permit the parcel to be used as security for a loan and subjected to potential foreclosure, in order to enable the foundation to secure a loan.

AI Summary

This bill amends a previous special act that originally conveyed approximately 34.44 acres of land in Newtown to the Catherine Violet Hubbard Foundation, Inc. for use as an animal sanctuary or wildlife preserve. The bill modifies the original restrictions on the land by allowing the foundation to use the parcel as collateral for a loan to finance the construction of an educational barn, main facility, and veterinary intake facility. Previously, the land would have reverted to the state if the foundation leased any portion of the property or did not use it for nature preservation purposes. Now, the foundation can commit all or part of the parcel as loan security and potentially be subject to foreclosure, with a requirement that any foreclosing entity must first offer the land to the state and then to the town of Newtown before selling to a third party. The bill retains the state's reserved 50-foot wide easement along the parcel's northerly line for agricultural access and preserves the State Properties Review Board's role in approving the land conveyance. The amendment aims to provide financial flexibility for the Catherine Violet Hubbard Foundation while maintaining protections for the land's intended use.

Committee Categories

Government Affairs

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Government Oversight Committee (J)

Last Action

Signed by the Governor (on 07/01/2025)

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