LCO No. 2178 1 of 1
General Assembly Proposed Bill No. 5852
January Session, 2019
LCO No. 2178
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
REP. LUXENBERG, 12th Dist.
AN ACT CONCERNING A PUBLIC-PRIVATE PARTNERSHIP FOR
CRUMBLING CONCRETE FOUNDATIONS AND APPROPRIATING
FUNDS FOR SUCH PARTNERSHIP.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That (1) the general statutes be amended to establish (A) a 1
partnership between this state and the captive insurance company 2
established pursuant to section 38a-91vv of the general statutes to fund 3
the development of methods to reduce the cost of repairing and 4
replacing crumbling concrete foundations, and (B) a board of directors 5
to oversee the operations of such partnership that includes, but is not 6
limited to, members with experience in the fields of materials science, 7
chemistry, structural engineering, construction, patent law, technology 8
and venture capitalism, and (2) the sum of eight million dollars be 9
appropriated to such partnership. 10
Statement of Purpose:
To establish a partnership between this state and the Connecticut
Foundation Solutions Indemnity Company, LLC, and appropriate the
sum of eight million dollars to such partnership.