Connecticut 2015 Regular Session

Connecticut Senate Bill SB00722 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 722
22 January Session, 2015 LCO No. 1439
33 *01439*
44 Referred to Committee on COMMERCE
55 Introduced by:
66 SEN. KELLY, 21st Dist.
77
88 General Assembly
99
1010 Proposed Bill No. 722
1111
1212 January Session, 2015
1313
1414 LCO No. 1439
1515
1616 *01439*
1717
1818 Referred to Committee on COMMERCE
1919
2020 Introduced by:
2121
2222 SEN. KELLY, 21st Dist.
2323
2424 AN ACT CONCERNING LOW-INTEREST LOANS TO MUNICIPALITIES TO PROVIDE PROPERTY TAX RELIEF TO SENIORS.
2525
2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
2727
2828 That title 32 of the general statutes be amended to establish a revolving loan fund and require the Department of Economic and Community Development to use such fund to provide low-interest loans to municipalities to finance real property tax relief benefits provided under section 12-170v of the general statutes until such time as such benefits have come due and been paid.
2929
3030 Statement of Purpose:
3131
3232 To provide funding to towns for revenue lost in granting tax relief to elderly homeowners.