General Assembly Substitute Bill No. 962
January Session, 2013 *_____SB00962PD____040213____*
General Assembly
Substitute Bill No. 962
January Session, 2013
*_____SB00962PD____040213____*
AN ACT CONCERNING GROWTH-RELATED PROJECTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (a) of section 16a-35c of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2013):
(a) As used in this section and sections 16a-35d to 16a-35g, inclusive:
(1) "Funding" includes any form of assurance, guarantee, grant payment, credit, tax credit or other assistance, including a loan, loan guarantee, or reduction in the principal obligation of or rate of interest payable on a loan or a portion of a loan;
(2) "Growth-related project" means any project which includes (A) the acquisition of real property when the acquisition costs are in excess of [one] two hundred thousand dollars, except the acquisition of open space for the purposes of conservation or preservation; (B) the development or improvement of real property when the development costs are in excess of [one] two hundred thousand dollars; (C) the acquisition of public transportation equipment or facilities when the acquisition costs are in excess of [one] two hundred thousand dollars; or (D) the authorization of each state grant, any application for which is not pending on July 1, 2006, for an amount in excess of [one] two hundred thousand dollars, for the acquisition or development or improvement of real property or for the acquisition of public transportation equipment or facilities, except the following: (i) Projects for maintenance, repair [, additions] or renovations to existing facilities, acquisition of land for telecommunications towers whose primary purpose is public safety, parks, conservation and open space, and acquisition of agricultural, conservation and historic easements; (ii) funding by the Department of Economic and Community Development for any project financed with federal funds used to purchase or rehabilitate existing single or multi-family housing or projects financed with the proceeds of revenue bonds if the Commissioner of Economic and Community Development determines that application of this section and sections 16a-35d and 16a-35e (I) conflicts with any provision of federal or state law applicable to the issuance or tax-exempt status of the bonds or any provision of any trust agreement between the Department of Economic and Community Development and any trustee, or (II) would otherwise prohibit financing of an existing project or financing provided to cure or prevent any default under existing financing; (iii) projects that the Commissioner of Economic and Community Development determines promote fair housing choice and racial and economic integration as described in section 8-37cc; (iv) projects at an existing facility needed to comply with state environmental or health laws or regulations adopted thereunder; (v) school construction projects funded by the Department of Education under chapter 173; (vi) libraries; (vii) municipally owned property or public buildings used for government purposes; and (viii) any other project, funding or other state assistance not included under subparagraphs (A) to (D), inclusive, of this subdivision.
(3) "Priority funding area" means the area of the state designated under subsection (b) of this section.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2013 16a-35c(a)
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2013
16a-35c(a)
PD Joint Favorable Subst.
PD
Joint Favorable Subst.