Bill Text: CT HB05164 | 2014 | General Assembly | Introduced

Connecticut House Bill 5164 (Prior Session Legislation)

Introduced

Bill Title: An Act Authorizing Bonds Of The State For The Waterbury Development Corporation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-03-20 - Combined into HB05163 [HB05164 Detail]

Download: Connecticut-2014-HB05164-Introduced.html


General Assembly		*Proposed Bill No. 5164*
*February Session, 2014*		LCO No. 864

Referred to Committee on COMMERCE
Introduced by:
REP. CUEVAS, 75th Dist.

AN ACT AUTHORIZING BONDS OF THE STATE FOR THE WATERBURY DEVELOPMENT CORPORATION.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the State Bond Commission be empowered to authorize the issuance of bonds of the state in accordance with section 3-20 of the general statutes, in principal amounts not exceeding in the aggregate one million five hundred thousand dollars, the proceeds of which shall be used by the Department of Economic and Community Development for the purpose of providing a grant-in-aid to the city of Waterbury, to be used by the Waterbury Development Corporation to implement a feasibility and environmental study and design of a prospective mixed-use multicultural center with park grounds that will be utilized by nonprofit organizations providing social services, youth programs, educational training, professional development and recreational programs.

Statement of Purpose:

To provide funding to the city of Waterbury's economic development team, the Waterbury Development Corporation.