Connecticut Senate Bill SB00025

Connecticut 2012 Regular Session

• Introduced: 2/9/12
• Refer: 2/9/12
• Report Pass: 4/3/12
• Refer: 4/16/12
• Report Pass: 4/23/12
• Engrossed: 5/9/12
• Report Pass: 5/9/12
• Chaptered: 5/30/12
• Enrolled: 6/1/12
• Passed: 6/15/12

Caption

An Act Authorizing And Adjusting Bonds Of The State For Capital Improvements, Transportation And Other Purposes.

Impact

The bond issuance is designed to have a significant impact on state infrastructure, allowing for critical investments in state-owned properties and emergency services facilities. Particular emphasis is placed on removing hazardous materials from state buildings and enhancing public safety facilities, which are expected to lead to improved service delivery and operational efficiencies. Additionally, the bond proceeds will assist with advancing programs targeting minority business enterprises, thus promoting economic inclusivity.

Summary

Senate Bill No. 25, enacted as Public Act No. 12-189, focuses on authorizing and adjusting the issuance of state bonds for various capital improvements and transportation projects within Connecticut. This legislation allows the State Bond Commission to authorize bonds totaling up to $100,032,985 for acquiring, constructing, and improving facilities and infrastructures, including payment for related professional services. The funds from these bonds are intended to support projects that span across various state departments, including Public Safety, Emergency Services, Construction Services, and Economic Development.

Sentiment

The sentiment surrounding SB00025 appears to lean towards positive, given the bipartisan recognition of the need for upgraded infrastructure and support for economic programs. While some concerns may arise regarding fiscal responsibilities associated with the bond issuance, overall stakeholder feedback highlights support for investments that enhance public safety and promote economic growth across the state.

Contention

Notable points of contention include potential debates around the financial implications of borrowing through bond issues. Critics might express concerns about increasing state debt and the long-term obligations associated with repaying the bonds and the interest accrued. However, proponents argue that the temporary financial commitment is justifiable given the long-term benefits of improved facilities and public safety outcomes.