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2005 Connecticut Code - Sec. 4-66c. Urban action bonds.
Sec. 4-66c. Urban action bonds. (a) For the purposes of subsection (b) of this
section, the State Bond Commission shall have power, from time to time to authorize
the issuance of bonds of the state in one or more series and in principal amounts not
exceeding in the aggregate nine hundred eighty-two million four hundred eighty-seven
thousand five hundred forty-four dollars, provided seventy-five million five hundred
thousand dollars of said authorization shall be effective July 1, 2004. All provisions
of section 3-20, or the exercise of any right or power granted thereby, which are not
inconsistent with the provisions of this section, are hereby adopted and shall apply to all
bonds authorized by the State Bond Commission pursuant to this section, and temporary
notes in anticipation of the money to be derived from the sale of any such bonds so
authorized may be issued in accordance with said section 3-20 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. None of said bonds 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 or on behalf of the
Secretary of the Office of Policy and Management and states such terms and conditions
as said commission in its discretion may require. Said bonds issued pursuant to this
section 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 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 Treasurer shall pay such principal
and interest as the same become due.
(c) Any proceeds from the sale of bonds authorized pursuant to subsections (a) and (b) of this section or of temporary notes issued in anticipation of the moneys to be derived from the sale of such bonds may be used to fund grants-in-aid to municipalities or the grant-in-aid programs of said departments, including, but not limited to, financial assistance and expenses authorized under chapters 128, 129, 130, 133, 136 and 298, and section 16a-40a, provided any such program shall be implemented in an eligible municipality or is for projects in other municipalities which the State Bond Commission determines will help to meet the goals set forth in section 4-66b. For the purposes of this section, "eligible municipality" means a municipality which is economically distressed within the meaning of subsection (b) of section 32-9p, which is classified as an urban center in any plan adopted by the General Assembly pursuant to section 16a-30, which is classified as a public investment community within the meaning of subdivision (9) of subsection (a) of section 7-545, or in which the State Bond Commission determines that the project in question will help meet the goals set forth in section 4-66b.
(d) Any economic development project eligible for assistance under this section may include but not be limited to: (1) The construction or rehabilitation of commercial, industrial and mixed use structures; and (2) the construction, reconstruction or repair of roads, accessways and other site improvements. The state, acting by and in the discretion of the Commissioner of Economic and Community Development, may enter into a contract for state financial assistance for any eligible economic or community development project in the form of a grant-in-aid. Any grant-in-aid shall be in an amount not in excess of the cost of the project for which the grant is made as determined and approved by the Commissioner of Economic and Community Development. Before entering into a grant-in-aid contract the Commissioner of Economic and Community Development shall have approved an application submitted on forms provided by the commissioner. No project shall be undertaken until the Commissioner of Economic and Community Development approves the plans, specifications and estimated costs. The commissioner may adopt such regulations, in accordance with chapter 54, as are necessary for the implementation of this section.
(e) Notwithstanding any provision of the general statutes to the contrary, whenever the Department of Economic and Community Development or the Office of Policy and Management is authorized by the general statutes to assess, collect or fund administrative expenses or service charges or otherwise recover costs or expenses incurred by the state in carrying out the provisions of any economic or community development project or program administered by the Department of Economic and Community Development, except in the case of administrative oversight charges described in section 8-37tt amounts so assessed, collected or funded by the state may be used to pay any administrative expenses of the Department of Economic and Community Development and shall not be required to be used to pay expenses related to a particular project or program.
(P.A. 79-607, S. 21; P.A. 80-21, S. 1, 5; 80-411, S. 2, 3; 80-483, S. 11, 186; P.A. 81-472, S. 1, 159; P.A. 83-365; June Sp. Sess. P.A. 83-33, S. 2, 17; P.A. 84-443, S. 1, 20; P.A. 85-558, S. 2, 17; 85-613, S. 16, 154; P.A. 86-396, S. 3, 25; P.A. 87-405, S. 1, 26; P.A. 88-343, S. 3, 32; P.A. 89-211, S. 3; 89-331, S. 4, 30; P.A. 90-297, S. 1, 24; June Sp. Sess. P.A. 91-4, S. 6, 25; May Sp. Sess. P.A. 92-7, S. 1, 36; P.A. 93-262, S. 1, 87; 93-382, S. 53, 69; June Sp. Sess. P.A. 93-1, S. 1, 45; P.A. 95-250, S. 1; 95-272, S. 1, 29; P.A. 96-181, S. 104, 121; 96-211, S. 1, 5, 6; 96-256, S. 169, 209; June 5 Sp. Sess. P.A. 97-1, S. 2, 20; P.A. 98-259, S. 1, 17; P.A. 99-241, S. 2, 66; 99-242, S. 88, 90; P.A. 00-167, S. 57, 69; June Sp. Sess. P.A. 01-7, S. 1, 28; May 9 Sp. Sess. P.A. 02-5, S. 1; May Sp. Sess. P.A. 04-1, S. 1; May Sp. Sess. P.A. 04-2, S. 110.)
History: P.A. 80-21 removed housing projects from control of economic development department and gave control to housing department under Subsec. (b); P.A. 80-411 included shelter facilities for victims of household abuse under control of human resources department in Subsec. (b); P.A. 80-483 and P.A. 81-472 made technical changes; P.A. 83-365 added Subsec. (d) concerning economic development projects; June Sp. Sess. P.A. 83-33 increased total authorization from twelve million dollars to thirteen million dollars and economic development project segment from two million to three million; P.A. 84-443 increased general authorization limit to fifteen million dollars, including an increase for the department of economic development to four million dollars and for the department of human resources to four million dollars, delayed the deadline for authorization by the state bond commission to October 1, 1986, and incorrectly showed Subsec. (d) as new language whereas it had already been added by P.A. 83-365; P.A. 85-558 increased the bond authorization limit to seventeen million three hundred thousand dollars, increasing economic development segment to five million three hundred thousand dollars and human resources segment to five million dollars; P.A. 85-613 made technical change; P.A. 86-396 amended Subsec. (a) to increase bond authorization from seventeen million three hundred thousand dollars to twenty million fifty thousand dollars and amended Subsec. (b) to increase bond authorization in Subdiv. (1) from five million three hundred thousand dollars to six million three hundred thousand dollars, to increase bond authorization in Subdiv. (4) from five million dollars to five million seven hundred fifty thousand dollars and to add Subdiv. (6) re historic preservation areas; P.A. 87-405 amended Subsec. (a) to increase the bond authorization from twenty million fifty thousand dollars to fifty-nine million fifty thousand dollars and amended Subsec. (b) to increase the bond authorization in Subdiv. (1) from six million three hundred thousand dollars to seven million three hundred thousand dollars, to increase the bond authorization in Subdiv. (4) from five million seven hundred fifty thousand dollars to eighty million seven hundred fifty thousand dollars and to include emergency shelters for the homeless and multipurpose human resource centers within that authorization and to add Subpara. (B) of Subdiv. (6) re grants-in-aid to municipalities, municipal entities and certain nonprofit organizations; P.A. 88-343 amended Subsec. (a) to increase the bond authorization from fifty-nine million fifty thousand dollars to sixty-eight million fifty thousand dollars and amended Subsec. (b) to increase the bond authorization in Subdiv. (1) from seven million three hundred thousand dollars to nine million three hundred thousand dollars and in Subdiv. (4) from eight million seven hundred fifty thousand dollars to fifteen million seven hundred fifty thousand dollars and added "related facilities" to Subdiv. (4); P.A. 89-211 clarified reference to the Internal Revenue Code of 1986; P.A. 89-331 increased the total bond authorization from sixty-eight million fifty thousand dollars to seventy-two million five hundred fifty thousand dollars and increased the bond authorization for the department of human resources from fifteen million seven hundred fifty thousand dollars to twenty million two hundred fifty thousand dollars; P.A. 90-297 amended Subsec. (a) to increase the bond authorization from seventy-two million five hundred fifty thousand dollars to seventy-nine million six hundred forty-five thousand nine hundred two dollars and amended Subsec. (b) to increase the bond authorization in Subdiv. (1) from nine million three hundred thousand dollars to nine million eight hundred thousand dollars, to decrease the bond authorization in Subdiv. (2) from two million dollars to one million nine hundred ninety-five thousand nine hundred two dollars and to increase the bond authorization in Subdiv. (4) from twenty million two hundred fifty thousand dollars to twenty-six million eight hundred fifty thousand dollars; June Sp. Sess. P.A. 91-4 increased the bond authorization in Subsec. (a) from seventy-nine million six hundred forty-five thousand nine hundred two dollars to ninety-two million three hundred forty-five thousand nine hundred two dollars, in Subdiv. (1) of Subsec. (b) the amount of the proceeds from the sale of said bonds to be used for economic development was increased from nine million eight hundred thousand dollars to seventeen million five hundred thousand dollars and in Subdiv. (4) of Subsec. (b) the amount to be used for the department of human resources was increased from twenty-six million eight hundred fifty thousand dollars to thirty-one million eight hundred fifty thousand dollars; May Sp. Sess. P.A. 92-7 amended Subsec. (a) to increase the bond authorization from ninety-two million three hundred forty-five thousand nine hundred two dollars to one hundred six million five hundred ninety-five thousand nine hundred two dollars and amended Subsec. (b) to increase the bond authorization in Subdiv. (1) from seventeen million five hundred thousand dollars to eighteen million five hundred thousand dollars, to increase the bond authorization in Subdiv. (4) from thirty-one million eight hundred fifty thousand dollars to thirty-five million one hundred thousand dollars and to include in such authorization food distribution facilities and to increase the bond authorization in Subpara. (B) of Subdiv. (6) from thirty-five million dollars to forty-five million dollars and to include in such authorization public safety programs; P.A. 93-262 authorized substitution of department of social services for department of human resources, effective July 1, 1993; P.A. 93-382 added definition of "applicant" in Subsec. (d), extending eligibility for grants-in-aid to nonmunicipal entities, effective July 1, 1993; June Sp. Sess. P.A. 93-1 amended Subsec. (a) to increase bond authorization from one hundred six million five hundred ninety-five thousand nine hundred two dollars to one hundred seventy-three million eight hundred ninety-five thousand nine hundred two dollars, effective July 1, 1993, provided thirty million five hundred thousand dollars of said authorization shall be effective July 1, 1994, and amended Subsec. (b) to increase bond authorization in Subdiv. (1) from eighteen million five hundred thousand to forty-eight million five hundred thousand dollars, effective July 1, 1993, provided ten million dollars of the authorization shall be effective July 1, 1994, in Subdiv. (4) from thirty-five million one hundred thousand dollars to thirty-nine million one hundred thousand dollars, effective July 1, 1993, provided four million dollars of said authorization shall be effective July 1, 1994, and in Subdiv. (6) from forty-five million dollars to seventy-eight million three hundred thousand dollars, effective July 1, 1993, provided sixteen million five hundred thousand dollars of the authorization shall be effective July 1, 1994; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Economic Development with Commissioner and Department of Economic and Community Development; P.A. 95-272 amended Subsec. (a) to increase authorization from one hundred seventy-three million eight hundred ninety-five thousand nine hundred two dollars to one hundred ninety-seven million eight hundred ninety-five thousand nine hundred two dollars provided twelve million dollars of the authorization shall be effective July 1, 1996, Subsec. (b) to increase authorization for the Department of Economic and Community Development from forty-eight million five hundred thousand dollars to fifty-eight million five hundred thousand dollars provided five million dollars of the authorization shall be effective July 1, 1996, and the authorization for grants-in-aid for urban development projects from seventy-eight million three hundred thousand dollars to ninety-two million three hundred thousand dollars provided seven million dollars of the authorization shall be effective July 1, 1996, effective July 1, 1995; P.A. 96-181 amended Subsec. (a) to increase authorization from $197,895,000 to $275,895,000 and the amount available for July 1, 1996, from $12,000,000 to $90,000,000, Subsec. (b) to include administrative costs incurred by the Department of Economic and Community Development, to provide that $2,000,000 be used for the Technology-Based Revolving Loan Fund program, to add the Department of Children and Families and to increase the amounts available for grants-in-aid under Subdiv. (6)(B) from $92,300,000 to $170,300,000 and the amount available for July 1, 1996, from $7,000,000 to $85,000,000, Subsec. (c) to add to the definition of "eligible municipality" reference to determination by Bond Commission that projects meet goal of Sec. 4-66b, and Subsec. (d) to delete definition of "applicant" and make technical changes, effective July 1, 1996; P.A. 96-256 amended Subsec. (d) to replace reference to Sec. 33-421 with Sec. 33-1002, effective January 1, 1997; June 5 Sp. Sess. P.A. 97-1 amended Subsec. (a) to increase bond authorization from two hundred seventy-five million eight hundred ninety-five thousand nine hundred two dollars to three hundred eighty-four million six hundred ninety-five thousand nine hundred two dollars provided fifty-four million four hundred thousand dollars is effective July 1, 1998, and amended Subsec. (b) to increase bond authorization from fifty-eight million five hundred thousand dollars to sixty-seven million three hundred thousand dollars provided four million four hundred thousand dollars is effective July 1, 1998, and to delete reference to the Technology-Based Revolving Loan Fund program, effective July 31, 1997; P.A. 98-259, effective July 1, 1998, amended Subsec. (a) to increase authorization from $384,695,902 to $409,695,902 provided $79,400,000 of said authorization was effective July 1, 1998, and amended Subsec. (b) to increase authorization in Subdiv. (2) from $1,995,902 to $2,000,000, to decrease the authorization in Subdiv. (3) from $2,000,000 to $1,995,902, and to increase the authorization in Subdiv. (6) from $270,300,000 to $295,300,000 provided $75,000,000 of said authorization was effective July 1, 1998; P.A. 99-241 amended Subsec. (a) to increase authorization from $409,695,902 to $596,695,902 provided $93,000,000 is effective July 1, 2000, and Subsec. (b) to increase authorization from $67,300,000 to $77,300,000, one million to be used for a grant to the deployment center program provided $5,000,000 is effective July 1, 2000, effective July 1, 1999; P.A. 99-242 amended Subsec. (a) to increase authorization from $596,695,902 to $669,695,902 provided $130,000,000 is effective July 1, 2000, effective July 1, 1999; P.A. 00-167 amended Subsec. (b) to provide that five million dollars of the grants authorized under Subdiv. (6)(B) may be made to private nonprofit organizations and that five million dollars of the grants authorized under Subdiv. (6)(B) may be made for necessary renovations and improvements of libraries, and amended Subsec. (c) to include public investment communities as eligible municipalities, effective July 1, 2000; June Sp. Sess. P.A. 01-7 amended Subsec. (a) to increase the authorization from $669,695,902 to $953,695,902 provided $142,000,000 is effective July 1, 2002, and amended Subsec. (b) to increase authorization to the Department of Economic and Community Development for economic and community development projects from $77,300,000 to $81,300,000 provided $2,000,000 is effective July 1, 2002, and to increase authorization to Office of Policy and Management for various projects from $545,300,000 to $825,300,000 provided $140,000,000 is effective July 1, 2002, effective July 1, 2001; May 9 Sp. Sess. P.A. 02-5 amended Subsec. (a) to decrease authorization from $953,695,902 to $906,987,544 and to provide that $107,000,000 of such authorization shall be effective July 1, 2003, and amended Subsec. (b), in Subdiv. (1), to decrease amount authorized for the Department of Economic and Community Development from $81,300,000 to $74,591,642 and to provide that $7,000,000 of such authorization shall be effective July 1, 2003, in Subdiv. (6)(B), to decrease the amount authorized for the Office of Policy and Management from $825,300,000 to $785,300,000 and to provide that $100,000,000 of such authorization shall be effective July 1, 2003, and to add provision that five million dollars be made available for small business gap financing, effective July 1, 2002; May Sp. Sess. P.A. 04-1 amended Subsec. (a) to increase the aggregate authorization to $982,487,544 and to provide that $75,500,000 of said authorization is effective July 1, 2004, and amended Subsec. (b) to decrease authorization to the Department of Economic and Community Development in Subdiv. (1) to $67,591,642, to delete provision re part of said authorization which was effective July 1, 2003, to increase authorization to the Department of Economic and Community Development in Subdiv. (6)(B) to $867,800,000, of which $82,500,000 is effective July 1, 2004, to increase authorization for renovations and improvements of libraries to $10,000,000 and to add provision making a portion of authorized funds available for regional economic development revolving loan funds, effective July 1, 2004; May Sp. Sess. P.A. 04-2 amended Subsec. (b) to increase an authorization for renovations and improvements of libraries to $12,000,000, effective May 12, 2004.
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