Connecticut House Bill HB05630

Connecticut 2017 Regular Session

• Introduced: 1/13/17
• Refer: 1/13/17

Caption

An Act Concerning Authorization Of Bonds Of The State To The Nonprofit Grant Program For Infrastructure Improvements.

Impact

The proposed bill would empower the State Bond Commission to issue bonds of the state, with the proceeds allocated to the Department of Public Health. The funding will support essential projects that may include renovations of existing facilities, upgrades to technology systems, and enhancements to compliance with the Americans with Disabilities Act. This might lead to improved operational capacity for nonprofit organizations, allowing them to better serve their communities and meet regulatory standards.

Summary

House Bill 5630, introduced by Representative Betts, aims to authorize the issuance of state bonds to fund the Nonprofit Grant Program for infrastructure improvements. The bill is designed to provide financial assistance specifically for capital and infrastructure projects that would benefit nonprofit organizations within the state. This initiative reflects a commitment to supporting nonprofit entities that contribute to public health and community welfare through their various programs.

Contention

While the bill is primarily positioned as a means of bolstering nonprofit infrastructure, it may face scrutiny regarding the implications of increasing state debt through bond issuance. Critics might express concerns over fiscal responsibility, especially in a context where state budgets are tightly constrained. Additionally, discussions around equity in funding allocations could arise, as the effectiveness of the bill in addressing the varied needs of nonprofits will depend heavily on how funds are distributed and monitored.