Connecticut Senate Bill SB01194

Connecticut 2011 Regular Session

• Introduced: 3/15/11
• Engrossed: 3/16/11
• Chaptered: 3/24/11
• Enrolled: 3/31/11

Caption

An Act Concerning The Authorization Of Bonds Of The State For Capital Resurfacing And Related Reconstruction Projects.

Impact

If enacted, the bill will enable the state to embark on critical infrastructure projects aimed at capital resurfacing and rehabilitation. This funding is essential for maintaining and improving roadways, which is a pivotal aspect of state transportation policy. The authorization of these bonds signifies a commitment to investing in public infrastructure, which can have direct downstream economic benefits by facilitating smoother transportation routes for businesses and the public alike.

Summary

Senate Bill No. 1194, titled the 'Act Concerning The Authorization Of Bonds Of The State For Capital Resurfacing And Related Reconstruction Projects', authorizes the issuance of special tax obligation bonds by the State Bond Commission. The bill permits the issuance of bonds amounting to $68,900,000 for financing capital resurfacing and reconstruction projects across the state. This funding is particularly aimed at enhancing the transportation infrastructure managed by the Department of Transportation, specifically through the Bureau of Engineering and Highway Operations.

Sentiment

The general sentiment surrounding SB01194 appears to be positive, particularly among those who advocate for improved infrastructure and transportation projects. Supporters view the bill as a necessary step towards modernizing and maintaining the state's transportation network, which they believe is vital for economic growth and public safety. However, sentiments may vary depending on concerns over state debt implications and the overall fiscal management of bond funds.

Contention

While the bill has broad support, notable contention may stem from debates over how the funds are allocated and the potential long-term financial implications for the state. Critics could argue that reliance on bonds may not be a sustainable funding model in the long run. Additionally, there may be discussions regarding transparency and the accountability of the funds once they are appropriated for these projects, ensuring that they are indeed used for their intended purposes.