Bill Text: CT SB00620 | 2017 | General Assembly | Introduced

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Bill Title: An Act Increasing Legislative Oversight Of The First Five Plus Program And The Urban And Industrial Site Reinvestment Program.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2017-02-17 - Public Hearing 02/23 [SB00620 Detail]

Download: Connecticut-2017-SB00620-Introduced.html

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General Assembly		Proposed Bill No. 620
January Session, 2017		LCO No. 1717
		*01717*
Referred to Committee on COMMERCE
Introduced by:
SEN. FASANO, 34th Dist. SEN. WITKOS, 8th Dist.

AN ACT INCREASING LEGISLATIVE OVERSIGHT OF THE FIRST FIVE PLUS PROGRAM AND THE URBAN AND INDUSTRIAL SITE REINVESTMENT PROGRAM.

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

That title 32 of the general statutes be amended to (1) remove the exemption from legislative approval for first five plus projects under section 32-4l of the general statutes, and (2) require approval by each chamber of the General Assembly to allow any tax credits exceeding twenty million dollars under the urban and industrial site reinvestment program, established pursuant to section 32-9t of the general statutes.

Statement of Purpose:

To increase legislative oversight of large, state-funded development projects and tax credits.