General Assembly Committee Bill No. 5101
February Session, 2012 LCO No. 1734
*01734HB05101CE_*
Referred to Committee on Commerce
Introduced by:
(CE)
General Assembly
Committee Bill No. 5101
February Session, 2012
LCO No. 1734
*01734HB05101CE_*
Referred to Committee on Commerce
Introduced by:
(CE)
AN ACT CONCERNING THE STEEL POINT TAXING DISTRICT IN BRIDGEPORT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 32-462b of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
In accordance with the provisions of section 32-462, during the period commencing January 1, 2010, and ending June 30, [2012] 2015, any agency, as defined in section 32-462, may provide financial assistance from existing programs to the Steel Point project for the purposes of development and improvements to property in the city of Bridgeport, in said time period, in an aggregate amount not to exceed forty million dollars.
Sec. 2. Subsection (o) of section 2 of public act 05-289 is repealed and the following is substituted in lieu thereof (Effective from passage):
(o) At the option of the city of Bridgeport by vote of the city council of the city of Bridgeport, the district shall be merged into the city of Bridgeport if no bonds are issued by the district not later than [four] ten years after [the effective date of this section] July 1, 2005, or after the bonds authorized by this section are no longer outstanding and any property which is owned by the district shall be distributed to the city of Bridgeport.
This act shall take effect as follows and shall amend the following sections:
Section 1 from passage 32-462b
Sec. 2 from passage PA 05-289, Sec. 2(o)
This act shall take effect as follows and shall amend the following sections:
Section 1
from passage
32-462b
Sec. 2
from passage
PA 05-289, Sec. 2(o)
Statement of Purpose:
To allow additional time for the provision of funding to the Steel Point project in Bridgeport.
[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.]
Co-Sponsors: REP. AYALA, 128th Dist.; REP. STALLWORTH, 126th Dist.
Co-Sponsors:
REP. AYALA, 128th Dist.; REP. STALLWORTH, 126th Dist.
H.B. 5101