Bill Text: CT SB00012 | 2018 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Authorizing And Adjusting Bonds Of The State For Capital Improvements And Other Purposes.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2018-04-23 - File Number 625 [SB00012 Detail]

Download: Connecticut-2018-SB00012-Introduced.html

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General Assembly		Governor's Bill No. 12
February Session, 2018		LCO No. 214
		*00214__________*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. LOONEY, 11th Dist. SEN. DUFF, 25th Dist. REP. ARESIMOWICZ, 30th Dist. REP. RITTER M., 1st Dist.

AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE FOR CAPITAL IMPROVEMENTS AND OTHER PURPOSES.

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

Section 1. (Effective July 1, 2018) The State Bond Commission shall have power, in accordance with the provisions of this section and sections 2 to 7, inclusive, of this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding $116,000,000.

Sec. 2. (Effective July 1, 2018) The proceeds of the sale of bonds described in sections 1 to 7, inclusive, of this act, to the extent hereinafter stated, shall be used for the purpose of acquiring, by purchase or condemnation, undertaking, constructing, reconstructing, improving or equipping, or purchasing land or buildings or improving sites for the projects hereinafter described, including payment of architectural, engineering, demolition or related costs in connection therewith, or of payment of the cost of long-range capital programming and space utilization studies as hereinafter stated:

(a) For the Capital Region Development Authority:

(1) Design and construction of parking garages to support development in Hartford, not exceeding $16,000,000;

(2) Alterations, renovations and improvements, including property acquisition, at the XL Center in Hartford, not exceeding $100,000,000.

Sec. 3. (Effective July 1, 2018) All provisions of section 3-20 of the general statutes or the exercise of any right or power granted thereby which is not inconsistent with the provisions of sections 1 to 7, inclusive, of this act are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to sections 1 to 7, inclusive, of this act, and temporary notes issued in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with section 3-20 of the general statutes and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds.

Sec. 4. (Effective July 1, 2018) None of the bonds described in sections 1 to 7, inclusive, of this act shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization, which is signed by the Secretary of the Office of Policy and Management or by or on behalf of such state officer, department or agency and stating such terms and conditions as said commission, in its discretion, may require.

Sec. 5. (Effective July 1, 2018) For the purposes of sections 1 to 7, inclusive, of this act, "state moneys" means the proceeds of the sale of bonds authorized pursuant to sections 1 to 7, inclusive, of this act or of temporary notes issued in anticipation of the moneys to be derived from the sale of such bonds. Each request filed as provided in section 4 of this act for an authorization of bonds shall identify the project for which the proceeds of the sale of such bonds are to be used and expended and, in addition to any terms and conditions required pursuant to section 4 of this act, shall include the recommendation of the person signing such request as to the extent to which federal, private or other moneys then available or thereafter to be made available for costs in connection with any such project should be added to the state moneys available or becoming available hereunder for such project. If the request includes a recommendation that some amount of such federal, private or other moneys should be added to such state moneys, then, if and to the extent directed by the State Bond Commission at the time of authorization of such bonds, such amount of such federal, private or other moneys then available, or thereafter to be made available for costs in connection with such project, may be added to any state moneys available or becoming available hereunder for such project and shall be used for such project. Any other federal, private or other moneys then available or thereafter to be made available for costs in connection with such project shall, upon receipt, be used by the State Treasurer, in conformity with applicable federal and state law, to meet the principal of outstanding bonds issued pursuant to sections 1 to 7, inclusive, of this act or to meet the principal of temporary notes issued in anticipation of the money to be derived from the sale of bonds theretofore authorized pursuant to sections 1 to 7, inclusive, of this act for the purpose of financing such costs, either by purchase or redemption and cancellation of such bonds or notes or by payment thereof at maturity. Whenever any of the federal, private or other moneys so received with respect to such project are used to meet the principal of such temporary notes or whenever principal of any such temporary notes is retired by application of revenue receipts of the state, the amount of bonds theretofore authorized in anticipation of which such temporary notes were issued, and the aggregate amount of bonds which may be authorized pursuant to section 1 of this act, shall each be reduced by the amount of the principal so met or retired. Pending use of the federal, private or other moneys so received to meet principal as hereinabove directed, the amount thereof may be invested by the State Treasurer in bonds or obligations of, or guaranteed by, the state or the United States or agencies or instrumentalities of the United States shall be deemed to be part of the debt retirement funds of the state and net earnings on such investments shall be used in the same manner as the moneys so invested.

Sec. 6. (Effective July 1, 2018) Any balance of proceeds of the sale of the bonds authorized for any project described in section 2 of this act in excess of the cost of such project may be used to complete any other project described in section 2 of this act, if the State Bond Commission shall so determine and direct. Any balance of proceeds of the sale of said bonds in excess of the costs of all the projects described in section 2 of this act shall be deposited to the credit of the General Fund.

Sec. 7. (Effective July 1, 2018) The bonds issued pursuant to this section and sections 1 to 6, inclusive, of this act shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made and the State Treasurer shall pay such principal and interest as the same become due.

Sec. 8. Subdivision (1) of subsection (h) of section 17 of special act 02-1 of the May 9 special session, as amended by section 114 of special act 04-2 of the May special session and section 82 of public act 15-1 of the June special session, is amended to read as follows (Effective July 1, 2018):

(1) [Development of Criminal/Juvenile courthouse in New Haven, not exceeding $5,000,000 and necessary repairs] Repairs to existing Judicial Branch facilities in New Haven, not exceeding [$4,500,000] $9,500,000.

Sec. 9. Section 396 of public act 17-2 of the June special session is amended to read as follows (Effective July 1, 2018):

The State Bond Commission shall have power, in accordance with the provisions of this section and sections 397 to 402, inclusive, of [this act] public act 17-2 of the June special session, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding [$149,896,250] $174,896,250.

Sec. 10. Subdivision (2) of subsection (a) of section 397 of public act 17-2 of the June special session is amended to read as follows (Effective July 1, 2018):

(2) For an information technology capital investment program, not exceeding [$25,000,000] $50,000,000.

Sec. 11. Subsection (b) of section 432 of public act 17-2 of the June special session is amended to read as follows (Effective from passage):

(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Office of Policy and Management for grants-in-aid to municipalities for the purposes set forth in subsection (a) of section 13a-175a of the general statutes, for the fiscal years ending June 30, 2018, and June 30, 2018. Such grant payments shall be made purposes set forth in subsection (a) of section 13a-175a of the general statutes, for the fiscal years ending June 30, 2018, and June 30, [2018] 2019. Such grant payments shall be made annually as follows:

T1	Municipalities	FY 18	FY 19
T2
T3	Andover	$ 2,620	$ 2,620
T4	Ansonia	85,419	85,419
T5	Ashford	3,582	3,582
T6	Avon	261,442	261,442
T7	Barkhamsted	41,462	41,462
T8	Beacon Falls	43,809	43,809
T9	Berlin	786,396	786,396
T10	Bethany	67,229	67,229
T11	Bethel	282,660	282,660
T12	Bethlehem	7,945	7,945
T13	Bloomfield	1,701,347	1,701,347
T14	Bolton	24,859	24,859
T15	Bozrah	138,521	138,521
T16	Branford	374,850	374,850
T17	Bridgeport	1,031,564	1,031,564
T18	Bridgewater	587	587
T19	Bristol	2,486,925	2,486,925
T20	Brookfield	118,281	118,281
T21	Brooklyn	10,379	10,379
T22	Burlington	15,300	15,300
T23	Canaan	20,712	20,712
T24	Canterbury	2,022	2,022
T25	Canton	7,994	7,994
T26	Chaplin	601	601
T27	Cheshire	736,700	736,700
T28	Chester	89,264	89,264
T29	Clinton	191,674	191,674
T30	Colchester	39,009	39,009
T31	Colebrook	550	550
T32	Columbia	26,763	26,763
T33	Cornwall	-	-
T34	Coventry	10,533	10,533
T35	Cromwell	31,099	31,099
T36	Danbury	1,726,901	1,726,901
T37	Darien	-	-
T38	Deep River	104,136	104,136
T39	Derby	14,728	14,728
T40	Durham	153,897	153,897
T41	Eastford	54,564	54,564
T42	East Granby	537,454	537,454
T43	East Haddam	1,696	1,696
T44	East Hampton	18,943	18,943
T45	East Hartford	4,447,536	4,447,536
T46	East Haven	43,500	43,500
T47	East Lyme	22,442	22,442
T48	Easton	2,660	2,660
T49	East Windsor	295,024	295,024
T50	Ellington	223,527	223,527
T51	Enfield	256,875	256,875
T52	Essex	74,547	74,547
T53	Fairfield	96,747	96,747
T54	Farmington	545,804	545,804
T55	Franklin	23,080	23,080
T56	Glastonbury	240,799	240,799
T57	Goshen	2,648	2,648
T58	Granby	35,332	35,332
T59	Greenwich	89,022	89,022
T60	Griswold	31,895	31,895
T61	Groton (Town of)	1,240,819	1,240,819
T62	Guilford	64,848	64,848
T63	Haddam	3,554	3,554
T64	Hamden	286,689	286,689
T65	Hampton	-	-
T66	Hartford	1,419,161	1,419,161
T67	Hartland	955	955
T68	Harwinton	21,506	21,506
T69	Hebron	2,216	2,216
T70	Kent	-	-
T71	Killingly	706,717	706,717
T72	Killingworth	5,148	5,148
T73	Lebanon	30,427	30,427
T74	Ledyard	421,085	421,085
T75	Lisbon	3,683	3,683
T76	Litchfield	3,432	3,432
T77	Lyme	-	-
T78	Madison	6,795	6,795
T79	Manchester	1,072,449	1,072,449
T80	Mansfield	6,841	6,841
T81	Marlborough	7,313	7,313
T82	Meriden	893,641	893,641
T83	Middlebury	84,264	84,264
T84	Middlefield	248,652	248,652
T85	Middletown	1,987,145	1,987,145
T86	Milford	1,344,868	1,344,868
T87	Monroe	179,106	179,106
T88	Montville	528,644	528,644
T89	Morris	3,528	3,528
T90	Naugatuck	341,656	341,656
T91	New Britain	1,383,881	1,383,881
T92	New Canaan	200	200
T93	New Fairfield	1,149	1,149
T94	New Hartford	139,174	139,174
T95	New Haven	1,369,123	1,369,123
T96	Newington	917,869	917,869
T97	New London	33,169	33,169
T98	New Milford	674,203	674,203
T99	Newtown	235,371	235,371
T100	Norfolk	7,207	7,207
T101	North Branford	301,074	301,074
T102	North Canaan	359,719	359,719
T103	North Haven	1,445,730	1,445,730
T104	North Stonington	-	-
T105	Norwalk	402,915	402,915
T106	Norwich	187,132	187,132
T107	Old Lyme	1,888	1,888
T108	Old Saybrook	46,717	46,717
T109	Orange	104,962	104,962
T110	Oxford	84,313	84,313
T111	Plainfield	144,803	144,803
T112	Plainville	541,936	541,936
T113	Plymouth	152,434	152,434
T114	Pomfret	27,820	27,820
T115	Portland	90,840	90,840
T116	Preston	-	-
T117	Prospect	70,942	70,942
T118	Putnam	171,800	171,800
T119	Redding	1,329	1,329
T120	Ridgefield	561,986	561,986
T121	Rocky Hill	221,199	221,199
T122	Roxbury	602	602
T123	Salem	4,699	4,699
T124	Salisbury	83	83
T125	Scotland	7,681	7,681
T126	Seymour	281,186	281,186
T127	Sharon	-	-
T128	Shelton	584,121	584,121
T129	Sherman	-	-
T130	Simsbury	77,648	77,648
T131	Somers	82,324	82,324
T132	Southbury	20,981	20,981
T133	Southington	820,795	820,795
T134	South Windsor	1,338,190	1,338,190
T135	Sprague	386,528	386,528
T136	Stafford	437,917	437,917
T137	Stamford	416,142	416,142
T138	Sterling	24,398	24,398
T139	Stonington	100,332	100,332
T140	Stratford	3,507,689	3,507,689
T141	Suffield	180,663	180,663
T142	Thomaston	395,346	395,346
T143	Thompson	76,733	76,733
T144	Tolland	85,064	85,064
T145	Torrington	605,345	605,345
T146	Trumbull	189,309	189,309
T147	Union	-	-
T148	Vernon	151,598	151,598
T149	Voluntown	2,002	2,002
T150	Wallingford	1,948,455	1,948,455
T151	Warren	288	288
T152	Washington	158	158
T153	Waterbury	2,516,158	2,516,158
T154	Waterford	34,255	34,255
T155	Watertown	642,281	642,281
T156	Westbrook	267,405	267,405
T157	West Hartford	805,784	805,784
T158	West Haven	147,516	147,516
T159	Weston	453	453
T160	Westport	-	-
T161	Wethersfield	21,785	21,785
T162	Willington	20,018	20,018
T163	Wilton	307,058	307,058
T164	Winchester	306,204	306,204
T165	Windham	454,575	454,575
T166	Windsor	1,321,000	1,321,000
T167	Windsor Locks	1,907,971	1,907,971
T168	Wolcott	234,916	234,916
T169	Woodbridge	29,920	29,920
T170	Woodbury	56,908	56,908
T171	Woodstock	68,767	68,767
T172		-	-
T173	Jewett City (Bor. )	4,195	4,195
T174		-	-
T175	Barkhamsted FD	2,500	2,500
T176	Berlin - Kensington FD	11,389	11,389
T177	Berlin - Worthington FD	941	941
T178	Bloomfield: Center FD	4,173	4,173
T179	Bloomfield Blue Hills FD	103,086	103,086
T180	Cromwell FD	1,832	1,832
T181	Enfield FD 1	14,636	14,636
T182	Enfield: Thompsonville FD 2	3,160	3,160
T183	Enfield: Hazardville Fire #3	1,374	1,374
T184	Enfield: N Thompsonville FD 4	69	69
T185	Enfield: Shaker Pines FD 5	6,403	6,403
T186	Groton City	164,635	164,635
T187	Groton Sewer	1,688	1,688
T188	Groton Old Mystic FD 5	1,695	1,695
T189	Groton: Poq. Bridge FD	22,300	22,300
T190	Killingly Attawaugan F. D.	1,836	1,836
T191	Killingly Dayville F. D.	42,086	42,086
T192	Killingly Dyer Manor	1,428	1,428
T193	E. Killingly F. D.	95	95
T194	So. Killingly F. D.	189	189
T195	Killingly Williamsville F. D.	6,710	6,710
T196	Manchester Eighth Util.	68,425	68,425
T197	Middletown: South FD	207,081	207,081
T198	Middletown Westfield F. D.	10,801	10,801
T199	Middletown City Fire	33,837	33,837
T200	New Htfd. Village F. D. #1	7,128	7,128
T201	New Htfd Pine Meadow #3	131	131
T202	New Htfd South End F. D.	10	10
T203	Plainfield Central Village FD	1,466	1,466
T204	Plainfield - Moosup FD	2,174	2,174
T205	Plainfield: Plainfield FD	1,959	1,959
T206	Plainfield Wauregan FD	5,136	5,136
T207	Pomfret FD	1,031	1,031
T208	Putnam: E. Putnam FD	10,110	10,110
T209	Simsbury F. D.	2,638	2,638
T210	Stafford Springs Service Dist.	15,246	15,246
T211	Sterling F. D.	1,293	1,293
T212	Stonington Mystic FD	601	601
T213	Stonington Old Mystic FD	2,519	2,519
T214	Stonington Pawcatuck F. D.	5,500	5,500
T215	Stonington Quiambaug F. D.	72	72
T216	Stonington Wequetequock FD	73	73
T217	Trumbull Center	555	555
T218	Trumbull Long Hill F. D.	1,105	1,105
T219	Trumbull Nichols F. D.	3,435	3,435
T220	W. Haven: West Shore FD	34,708	34,708
T221	W. Haven: Allingtown FD	21,514	21,514
T222	West Haven First Ctr FD 1	4,736	4,736
T223	Windsor Wilson FD	214	214
T224	Windsor FD	14	14
T225	Windham First	8,929	8,929
T226
T227	Grand Totals	$60,000,000	$60,000,000

Sec. 12. Section 552 of public act 17-2 of the June special session is repealed. (Effective July 1, 2018)

This act shall take effect as follows and shall amend the following sections:
Section 1	July 1, 2018	New section
Sec. 2	July 1, 2018	New section
Sec. 3	July 1, 2018	New section
Sec. 4	July 1, 2018	New section
Sec. 5	July 1, 2018	New section
Sec. 6	July 1, 2018	New section
Sec. 7	July 1, 2018	New section
Sec. 8	July 1, 2018	SA 02-1 of the May 9 Sp. Sess., Sec. 17(h)
Sec. 9	July 1, 2018	PA 17-2 of the June Sp. Sess., Sec. 396
Sec. 10	July 1, 2018	PA 17-2 of the June Sp. Sess., Sec. 397(a)
Sec. 11	from passage	PA 17-2 of the June Sp. Sess., Sec. 432(b)
Sec. 12	July 1, 2018	Repealer section

Statement of Purpose:

To implement the Governor's budget recommendations.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]