Bill Text: CT SB00519 | 2017 | General Assembly | Comm Sub
Bill Title: An Act Authorizing The South Central Connecticut Regional Water Authority To Conduct And Invest In Certain Noncore Business Activities.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2017-02-03 - Public Hearing 02/08 [SB00519 Detail]
Download: Connecticut-2017-SB00519-Comm_Sub.html
General Assembly |
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January Session, 2017 |
LCO No. 3365 | ||
*03365SB00519ENV* | |||
Referred to Committee on ENVIRONMENT |
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Introduced by: |
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(ENV) |
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AN ACT AUTHORIZING THE SOUTH CENTRAL CONNECTICUT REGIONAL WATER AUTHORITY TO CONDUCT AND INVEST IN CERTAIN NONCORE BUSINESS ACTIVITIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 1 of special act 77-98, as amended by section 5 of special act 99-12, section 2 of public act 02-85 and section 1 of special act 13-20, is amended to read as follows (Effective from passage):
It is found and declared as a matter of legislative determination that the creation of the South Central Connecticut Regional Water Authority for the primary purpose of providing and assuring the provision of an adequate supply of pure water and the safe disposal of wastewater at reasonable cost within the South Central Connecticut Regional Water District and such other areas as may be served pursuant to cooperative agreements and acquisitions authorized by section 11 of special act 77-98, as amended by section 5 of special act 78-24, section 3 of special act 84-46 and section 7 of public act 02-85, and, to the degree consistent with the foregoing, of advancing water conservation and the conservation and compatible recreational use of land held by the authority, conducting [water or environmental related activities] or investing in businesses related to water, energy, agriculture or the environment within or without the district, provided at the time of any additional investment in such activities, the authority's outstanding principal debt investment in such activities made on and after June 30, 2013, shall not exceed five per cent of the authority's net utility plant devoted to water supply and distribution and wastewater collection and treatment and the carrying out of its powers, purposes [,] and duties under sections 1 to 33, inclusive, of special act 77-98, as amended by special act 78-24, special act 84-46, sections 5 to 7, inclusive, of special act 99-12, sections 2 to 21, inclusive, of public act 02-85, [and this act] special act 13-20 and this section, and for the benefit of the people residing in the South Central Connecticut Regional Water District and the State of Connecticut, and for the improvement of their health, safety and welfare, that said purposes are public purposes, and that the authority will be performing an essential governmental function in the exercise of its powers under sections 1 to 33, inclusive, of special act 77-98, as amended by special act 78-24, special act 84-46, sections 5 to 7, inclusive, of special act 99-12, section 2 of public act 02-85, [and this act] special act 13-20 and this section.
Sec. 2. Section 19 of special act 77-98, as amended by section 15 of public act 02-85 and section 6 of special act 13-20, is amended to read as follows (Effective from passage):
The authority shall not (1) acquire, by purchase, lease or otherwise, any existing water supply system or parts thereof or any wastewater system or parts thereof, (2) commence any project costing more than two million dollars to repair, improve, construct, reconstruct, enlarge and extend any of its properties or systems, or (3) acquire or make [a subsequent] an investment in any [water or environment related] business related to water, energy, agriculture or the environment in an amount more than one million dollars without the approval, following a public hearing, of a majority of the total weighted votes of the membership of the representative policy board. In the case of the first acquisition by the authority of an existing water supply system or part thereof, after such approval by the representative policy board the authority shall file with the town clerk of each city and town in the district its plan for such acquisition. The legislative body of each such city and town shall approve or disapprove such acquisition plan within sixty days after such filing, provided failure to disapprove within such sixty days shall be deemed approval of such acquisition plan. The authority shall not first acquire an existing water supply system or part thereof except in accordance with an acquisition plan approved by at least sixty per cent of such legislative bodies.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
from passage |
SA 77-98, Sec. 1 |
Sec. 2 |
from passage |
SA 77-98, Sec. 19 |
Statement of Purpose:
To allow the South Central Connecticut Regional Water Authority to invest in certain open space programs.
[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.]