General Assembly Committee Bill No. 6142 January Session, 2015 LCO No. 4824 *04824HB06142HSG* Referred to Committee on HOUSING Introduced by: (HSG) General Assembly Committee Bill No. 6142 January Session, 2015 LCO No. 4824 *04824HB06142HSG* Referred to Committee on HOUSING Introduced by: (HSG) AN ACT CONCERNING SECURITY DEPOSITS FOR AGE-RESTRICTED PUBLIC HOUSING. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Section 47a-22a of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2015): (a) Any housing authority, community housing development corporation, or other corporation approved by the Commissioner of Social Services for state financial assistance to provide public housing for senior citizens and disabled persons under the provisions of part VI or VII of chapter 128 shall return any security deposit with interest, [at a rate of not less than four per cent per annum and, on and after October 1, 1982, at a rate of not less than five and one-quarter per cent per annum, and, on and after January 1, 2013, at the rate calculated in accordance with the provisions of subsection (i) of section 47a-21,] to any tenant [who has resided in such housing for at least one year] or former tenant at the time the tenancy is terminated in accordance with the provisions of section 47a-21 of the general statutes. (b) Any housing authority, community housing development corporation, or other corporation approved by the Commissioner of Social Services for state financial assistance to provide public housing for senior citizens and disabled persons under the provisions of part VI or VII of chapter 128 shall permit the payment of a security deposit in installments that are reasonable in light of the income of the tenant. Such installments shall be payable in equal amounts at approximately equal intervals not exceeding one month over a period of at least twelve months. Nothing in this section shall preclude any such housing authority or corporation from waiving the payment of the security deposit, or agreeing to extend the installment payments over a period of more than twelve months. This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2015 47a-22a This act shall take effect as follows and shall amend the following sections: Section 1 October 1, 2015 47a-22a Statement of Purpose: To allow any public housing authority to retain the security deposit of senior citizens and disabled persons until the time the tenancy is terminated and to allow for the initial payment of the security deposit to be made in installments. [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. ALEXANDER, 58th Dist. Co-Sponsors: REP. ALEXANDER, 58th Dist. H.B. 6142