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Bill > SB00241


CT SB00241

CT SB00241
An Act Concerning The Waterbury Land Bank.


summary

Introduced
02/19/2026
In Committee
02/19/2026
Crossed Over
Passed
Dead

Introduced Session

2026 General Assembly

Bill Summary

To provide funding for the Waterbury Land Bank Authority to acquire, maintain, remediate or develop real property and for related projects in the city of Waterbury.

AI Summary

This bill authorizes the State Bond Commission to issue up to five million dollars in state bonds, with the proceeds to be used by the Department of Economic and Community Development to provide a grant-in-aid to the Waterbury Land Bank Authority. This funding is intended to help the Waterbury Land Bank Authority acquire, maintain, remediate (clean up or fix environmental issues), or develop real property, as well as support related projects within the city of Waterbury. The bill also incorporates existing state laws regarding bond issuance and repayment, ensuring that these new bonds are general obligations of the state, backed by the full faith and credit of Connecticut.

Committee Categories

Business and Industry

Sponsors (2)

Other Sponsors (1)

Commerce Committee (Joint)

Last Action

Commerce Public Hearing (00:00:00 2/24/2026 ) (on 02/24/2026)

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