Connecticut 2019 Regular Session

Connecticut House Bill HB05852 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 2178 1 of 1
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55 General Assembly Proposed Bill No. 5852
66 January Session, 2019
77 LCO No. 2178
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1010 Referred to Committee on INSURANCE AND REAL ESTATE
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1313 Introduced by:
1414 REP. LUXENBERG, 12th Dist.
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1818 AN ACT CONCERNING A PUBLIC-PRIVATE PARTNERSHIP FOR
1919 CRUMBLING CONCRETE FOUNDATIONS AND APPROPRIATING
2020 FUNDS FOR SUCH PARTNERSHIP.
2121 Be it enacted by the Senate and House of Representatives in General
2222 Assembly convened:
2323
2424 That (1) the general statutes be amended to establish (A) a 1
2525 partnership between this state and the captive insurance company 2
2626 established pursuant to section 38a-91vv of the general statutes to fund 3
2727 the development of methods to reduce the cost of repairing and 4
2828 replacing crumbling concrete foundations, and (B) a board of directors 5
2929 to oversee the operations of such partnership that includes, but is not 6
3030 limited to, members with experience in the fields of materials science, 7
3131 chemistry, structural engineering, construction, patent law, technology 8
3232 and venture capitalism, and (2) the sum of eight million dollars be 9
3333 appropriated to such partnership. 10
3434 Statement of Purpose:
3535 To establish a partnership between this state and the Connecticut
3636 Foundation Solutions Indemnity Company, LLC, and appropriate the
3737 sum of eight million dollars to such partnership.