Connecticut House Bill HB05968

Connecticut 2019 Regular Session

• Introduced: 1/24/19
• Refer: 1/24/19

Caption

An Act Concerning The Establishment Of The Connecticut Infrastructure Bank.

Impact

The creation of the Connecticut Infrastructure Bank represents a significant change in how Connecticut manages its infrastructure funding. By centralizing financial support for infrastructure projects, the bank is expected to streamline the funding process and ensure that transportation needs are met effectively. Moreover, it could potentially attract additional investments from both public and private sectors, thereby enhancing the overall economic climate in the state. This initiative reflects a growing recognition of the importance of well-maintained infrastructure to a state’s economic vitality.

Summary

House Bill 5968 proposes the establishment of the Connecticut Infrastructure Bank, aimed at providing financial support for infrastructure projects within the state. The bank would be funded through appropriations from the General Fund and other sources designated for infrastructure financing. The primary goal of this legislation is to encourage improvements in the state's infrastructure which is critical for both economic development and public safety.

Contention

While the bill appears to have broad support among its sponsors, there may be points of contention regarding the implementation and oversight of the Infrastructure Bank. Concerns could arise regarding accountability measures, the distribution of funds, and prioritization of projects. Stakeholders, including local governments and businesses, might debate the criteria used for funding decisions, particularly if certain regions feel underserved or overlooked in the allocation process.