Connecticut House Bill HB05074

Connecticut 2012 Regular Session

• Introduced: 2/15/12
• Refer: 2/15/12

Caption

An Act Authorizing Bonds Of The State For A Transit-oriented Development Study In West Haven.

Impact

The proposed funding through HB 05074 is expected to have a significant impact on state laws related to bonding and financial assistance for local development projects. By authorizing the issuance of state bonds for this purpose, the bill facilitates a financial mechanism to support urban development initiatives. This could encourage similar projects across the state, potentially leading to improvements in public transportation and urban planning that align with community needs and growth objectives.

Summary

House Bill 05074, titled 'An Act Authorizing Bonds Of The State For A Transit-oriented Development Study In West Haven,' aims to empower the State Bond Commission to authorize the issuance of bonds. The total principal amount that may be authorized is capped at two hundred thousand dollars. The purpose of these funds is to assist the Department of Transportation in providing a grant-in-aid to West Haven specifically for conducting a study focused on transit-oriented development. This initiative is intended to enhance transportation infrastructure and promote effective urban planning in the area.

Contention

While the bill aims to promote local development and enhance transit options, there may be points of contention related to the allocation of state funds and prioritization of projects. Stakeholders may debate the effectiveness of a study versus immediate funding for infrastructure improvements. Furthermore, there are questions on whether this funding approach could set a precedent for future bonding initiatives, influencing how similar projects are funded and managed statewide.