Bill > HB05243

This bill authorizes the State Bond Commission to issue up to eight million dollars in state bonds, with the proceeds to be used by the Department of Economic and Community Development for general economic development activities in the greater Mystic area, which includes the towns of Groton and Stonington. These activities can include improvements to docks, piers, and breakwaters, construction or renovation of parking garages, establishing a shuttle boat service, and creating or enhancing riverwalks. The bill also incorporates existing state statutes regarding bond issuance and repayment, ensuring that these bonds are general obligations of the state, backed by the full faith and credit of Connecticut.

Business and Industry

Commerce Committee (Joint)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05243&which_year=2026