Connecticut House Bill HB05102

Connecticut 2012 Regular Session

• Introduced: 2/16/12
• Refer: 2/16/12

Caption

An Act Concerning Funding For Certain Economic Development Districts.

Impact

If enacted, HB 05102 would enhance the financial support for regional economic development districts, potentially leading to improved infrastructure and business opportunities in those areas. The funding could be utilized for various purposes, including job creation and supporting key industries within those districts. State laws would be modified to streamline the funding process, which could result in quicker project initiation and completion, ultimately benefitting the communities served by these districts.

Summary

House Bill 05102, introduced by Representative Lemar, aims to provide funding for regional economic development districts established under section 32-741 of the general statutes. The bill is rooted in the objective of promoting economic growth and facilitating the management of express projects within these districts. By amending existing statutes, the bill seeks to allocate necessary financial resources to bolster the operational capabilities of these districts, ensuring they can efficiently execute development projects that contribute to local economies.

Contention

Discussions around HB 05102 may highlight points of contention regarding the distribution of funds and the prioritization of projects. Stakeholders may express differing opinions on which districts should receive funding and how it should be allocated. Moreover, the implications for local governance and the perceived effectiveness of such districts in managing economic development projects may generate debate among legislators and community members, particularly in terms of accountability and oversight.