Bill > HB07288

This bill authorizes the issuance of state bonds and provides funding for various state projects and programs across multiple fiscal years. Here's a comprehensive summary: This bill authorizes the State Bond Commission to issue multiple series of state bonds totaling approximately $3.5 billion across several fiscal years, with funds allocated for a wide range of purposes including: 1. Infrastructure and Capital Improvements: - State facilities renovations and upgrades - Transportation infrastructure (highways, bridges, public transit) - Energy and environmental projects - School building projects - Veterans' facilities - Technical education and career school improvements - University and college campus upgrades 2. Housing and Community Development: - Housing development and rehabilitation - Affordable housing programs - Brownfield remediation - Municipal grants for infrastructure and economic development - Grants to distressed municipalities 3. Specific Program Funding: - Workforce development initiatives - Grants for economic development - Support for technical education - Municipal revenue sharing - Public safety infrastructure - Clean energy and environmental projects Key Features: - Bonds are general obligations of the state, with full faith and credit pledged for repayment - Most bond series mature within 20 years - Funds can be used for construction, renovation, equipment, and related professional services - Includes provisions for matching federal funds and adjusting grant allocations The bill also includes several administrative provisions, reporting requirements, and modifications to existing statutes to support the implementation of these bond-funded programs.

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB07288&which_year=2025