Connecticut 2019 Regular Session

Connecticut House Bill HB07209 Compare Versions

Version 1 (Old)

Version 2 (New)

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7		-	General Assembly ~~Substitute~~ Bill No. 7209
	5	+	General Assembly Raised Bill No. 7209
8	6		January Session, 2019
	7	+	LCO No. 4409
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	9	+
	10	+	Referred to Committee on PLANNING AND DEVELOPMENT
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	12	+
	13	+	Introduced by:
	14	+	(PD)
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14	19		AN ACT ESTABLISHING THE CONNECTICUT MUNICIPA L
15	20		REDEVELOPMENT AUTHOR ITY.
16	21		Be it enacted by the Senate and House of Representatives in General
17	22		Assembly convened:
18	23
19		-	Section 1. (NEW) (Effective October 1, 2019) For ~~the~~ purposes of this 1
	24	+	Section 1. (NEW) (Effective October 1, 2019) For purposes of this 1
20	25		section and sections 2 to 12, inclusive, of this act: 2
21	26		(1) "Authority" means the Connecticut Municipal Redevelopment 3
22	27		Authority established in section 2 of this act; 4
23	28		(2) "Authority development project" means a project occurring 5
24	29		within the boundaries of a Connecticut Municipal Redevelopment 6
25	30		Authority development district; 7
26	31		(3) "Connecticut Municipal Redevelopment Authority development 8
27	32		district" or "development district" means the area determined by a 9
28	33		memorandum of agreement between the authority and the chief 10
29	34		executive officer of the member municipality where such development 11
30	35		district is located, provided such area shall be considered a downtown 12
31		-	or does not exceed a one-half-mile radius of a transit station; 13
	36	+	or does not exceed a one-half-mile radius of a transit station; 13 Raised Bill No. 7209
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32	42		(4) "Designated tier III municipality" has the same meaning as 14
33	43		provided in section 7-560 of the general statutes; 15
34		-	(5) "Designated tier IV municipality" has the same meaning as 16 Substitute Bill No. 7209
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	44	+	(5) "Designated tier IV municipality" has the same meaning as 16
41	45		provided in section 7-560 of the general statutes; 17
42	46		(6) "Downtown" means a central business district or other 18
43	47		commercial neighborhood area of a community that serves as a center 19
44	48		of socioeconomic interaction in the community, characterized by a 20
45	49		cohesive core of commercial and mixed -use buildings, often 21
46	50		interspersed with civic, religious and residential buildings and public 22
47	51		spaces, that are typically arranged along a main street and intersecting 23
48	52		side streets and served by public infrastructure; 24
49	53		(7) "Member municipality" means (A) any municipality with a 25
50	54		population of seventy thousand or more that opts to join the 26
51	55		Connecticut Municipal Redevelopment Authority in accordance with 27
52	56		section 5 of this act, or (B) any designated tier III or tier IV 28
53	57		municipality. "Member municipality" does not include the city of 29
54	58		Hartford or any municipality that is considered part of the capital 30
55	59		region, as defined in section 32-600 of the general statutes; 31
56	60		(8) "Project" means any or all of the following: (A) The design and 32
57	61		construction of transit-oriented development, as defined in section 33
58	62		13b-79kk of the general statutes; (B) the creation of housing units 34
59	63		through rehabilitation or new construction; (C) the demolition or 35
60	64		redevelopment of vacant buildings; and (D) development and 36
61	65		redevelopment; 37
62	66		(9) "State-wide transportation investment program" means the 38
63	67		planning document developed and updated at least every four years 39
64	68		by the Department of Transportation in compliance with the 40
65	69		requirements of 23 USC 135, listing all transportation projects in the 41
66	70		state expected to receive federal funding during the four-year period 42
67	71		covered by the program; and 43
68		-	(10) "Transit station" means any passenger railroad station or bus 44
	72	+	(10) "Transit station" means any passenger railroad station or bus 44 Raised Bill No. 7209
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69	78		rapid transit station that is operational, or for which the Department of 45
70	79		Transportation has initiated planning or that is included in the state-46
71		-	wide transportation investment program, that is or will be located 47 Substitute Bill No. 7209
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	80	+	wide transportation investment program, that is or will be located 47
78	81		within the boundaries of a member municipality. 48
79	82		Sec. 2. (NEW) (Effective October 1, 2019) (a) There is hereby 49
80	83		established and created a body politic and corporate, constituting a 50
81	84		public instrumentality and political subdivision of the state established 51
82	85		and created for the performance of an essential public and 52
83	86		governmental function, to be known as the Connecticut Municipal 53
84	87		Redevelopment Authority. The authority shall not be construed to be a 54
85	88		department, institution or agency of the state. 55
86	89		(b) The powers of the authority shall be vested in and exercised by a 56
87	90		board of directors, which shall consist of the following members: (1) 57
88	91		Two appointed jointly by the speaker of the House of Representatives 58
89	92		and the president pro tempore of the Senate, one of whom shall be the 59
90	93		chief executive officer of a member municipality in New Haven 60
91	94		County; (2) two appointed jointly by the majority leaders of the House 61
92	95		of Representatives and the Senate, one of whom shall be the chief 62
93	96		executive officer of a member municipality in Hartford County; (3) two 63
94	97		appointed jointly by the minority leaders of the House of 64
95	98		Representatives and the Senate, one of whom shall be the chief 65
96	99		executive officer of a member municipality in Fairfield County; (4) two 66
97	100		appointed by the Governor; and (5) the Secretary of the Office of Policy 67
98	101		and Management, the Labor Commissioner and the Commissioners of 68
99	102		Transportation, Housing and Economic and Community 69
100	103		Development, or their designees, who shall serve as ex-officio, voting 70
101	104		members of the board. 71
102	105		(c) The Governor shall designate the chairperson of the board from 72
103	106		among the members. All initial appointments shall be made not later 73
104	107		than sixty days after the effective date of this section. All members 74
105	108		shall be appointed by the original appointing authority for four-year 75
106	109		terms. Any member of the board shall be eligible for reappointment. 76
107		-	Any vacancy occurring other than by expiration of term shall be filled 77
	110	+	Any vacancy occurring other than by expiration of term shall be filled 77 Raised Bill No. 7209
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108	116		in the same manner as the original appointment for the balance of the 78
109	117		unexpired term. The appointing authority for any member may 79
110		-	remove such member for misfeasance, malfeasance or wilful neglect of 80 Substitute Bill No. 7209
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	118	+	remove such member for misfeasance, malfeasance or wilful neglect of 80
117	119		duty. 81
118	120		(d) Each member of the board, before commencing such member's 82
119	121		duties, shall take and subscribe the oath or affirmation required by 83
120		-	section 1 ~~of article eleventh of the Constitution~~ of the state. A record of 84
121		-	~~each such~~ oath shall be filed in the office of the Secretary of the State. 85
	122	+	article XI, section 1, of the state Constitution. A record of each such 84
	123	+	oath shall be filed in the office of the Secretary of the State. 85
122	124		(e) The board of directors shall maintain a record of its proceedings 86
123	125		in such form as it determines, provided such record indicates 87
124	126		attendance and all votes cast by each member. Any appointed member 88
125	127		who fails to attend three consecutive meetings or who fails to attend 89
126	128		fifty per cent of all meetings held during any calendar year shall be 90
127	129		deemed to have resigned from the board. A majority of the members 91
128	130		of the board then in office shall constitute a quorum, and an 92
129	131		affirmative vote by a majority of the members present at a meeting of 93
130	132		the board shall be sufficient for any action taken by the board. No 94
131	133		vacancy in the membership of the board shall impair the right of a 95
132	134		quorum to exercise all the rights and perform all the duties of the 96
133	135		board. Any action taken by the board may be authorized by resolution 97
134	136		at any regular or special meeting and shall take effect immediately 98
135	137		unless otherwise provided in the resolution. The board may delegate 99
136	138		to three or more of its members, or its officers, agents or employees, 100
137	139		such board powers and duties as it may deem proper. 101
138	140		(f) The board of directors shall annually elect one of its members as 102
139	141		a vice-chairperson, and shall elect other of its members as officers, 103
140	142		adopt a budget and bylaws, designate an executive committee, report 104
141	143		semiannually to the appointing authorities with respect to operations, 105
142	144		finances and achievement of its economic development objective, be 106
143	145		accountable to and cooperate with the state whenever the state may 107
144	146		audit the Connecticut Municipal Redevelopment Authority or an 108
145	147		authority development project or at any other time as the state may 109
146		-	inquire as to either, including allowing the state reasonable access to 110
147		-	any such project and to the records of the authority. 111
148		-	(g) The chairperson of the board, with the approval of the members 112 Substitute Bill No. 7209
	148	+	inquire as to either, including allowing the state reasonable access to 110 Raised Bill No. 7209
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	154	+	any such project and to the records of the authority. 111
	155	+	(g) The chairperson of the board, with the approval of the members 112
155	156		of the board of directors, shall appoint an executive director of the 113
156	157		authority who shall be an employee of the authority and paid a salary 114
157	158		prescribed by the members. The executive director shall be the chief 115
158	159		administrative officer of the authority and shall supervise the 116
159	160		administrative affairs and technical activities of the authority in 117
160	161		accordance with the directives of the board. The executive director 118
161	162		shall not be a member of the board. 119
162	163		(h) Each member of the board of directors shall be entitled to 120
163	164		reimbursement for such member's actual and necessary expenses 121
164	165		incurred during the performance of such member's official duties, but 122
165	166		shall receive no compensation for the performance of such duties. 123
166	167		Notwithstanding the provisions of section 2-15 of the general statutes, 124
167	168		no member of the board of directors shall receive mileag e 125
168	169		reimbursement or a transportation allowance for traveling to a meeting 126
169	170		of the board of directors. 127
170	171		(i) Each member of the board of directors of the authority and the 128
171	172		executive director shall execute a surety bond in the penal sum of at 129
172	173		least one hundred thousand dollars, or, in lieu thereof, the chairperson 130
173	174		of the board shall execute a blanket position bond or procure an 131
174	175		equivalent insurance product covering each member, the executive 132
175	176		director and the employees of the authority. Each surety bond or 133
176	177		equivalent insurance product shall be conditioned upon the faithful 134
177	178		performance of the duties of the office or offices covered, issued by an 135
178	179		insurance company authorized to transact business in this state for 136
179	180		surety or such insurance product. The cost of each such bond or 137
180	181		insurance product shall be paid by the authority. 138
181	182		(j) No board member, or member of his or her immediate family, as 139
182	183		defined in section 1-91 of the general statutes, shall have or acquire any 140
183	184		financial interest in (1) any authority development project, or (2) any 141
184		-	property included or planned to be included in any such project or in 142
185		-	any contract or proposed contract for materials or services to be used 143
186		-	in such project. 144 Substitute Bill No. 7209
	185	+	property included or planned to be included in any such project or in 142 Raised Bill No. 7209
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	191	+	any contract or proposed contract for materials or services to be used 143
	192	+	in such project. 144
193	193		(k) The authority shall have perpetual succession and shall adopt 145
194	194		procedures for the conduct of its affairs in accordance with section 4 of 146
195	195		this act. Such succession shall continue as long as the authority has 147
196	196		bonds, notes or other obligations outstanding and until its existence is 148
197	197		terminated by law, provided no such termination shall affect any 149
198	198		outstanding contractual obligation of the authority and the state shall 150
199	199		succeed to the obligations of the authority under any contract. Upon 151
200	200		the termination of the existence of the authority, all its rights and 152
201	201		properties shall pass to and be vested in the state. 153
202	202		Sec. 3. (NEW) (Effective October 1, 2019) (a) The purposes of the 154
203	203		Connecticut Municipal Redevelopment Authority shall be to: (1) 155
204	204		Stimulate economic and transit-oriented development, as defined in 156
205	205		section 13b-79kk of the general statutes, within Connecticut Municipal 157
206	206		Redevelopment Authority development districts; (2) encourage 158
207	207		residential housing development within development districts; (3) 159
208	208		manage facilities through contractual agreement or other legal 160
209	209		instrument; (4) stimulate new investment within development districts 161
210	210		and provide support for the creation of vibrant, multidimensional 162
211	211		downtowns; (5) upon request of the legislative body of a member 163
212	212		municipality in which a development district is located, work with 164
213	213		such municipality to assist in development and redevelopment efforts 165
214	214		to stimulate the economy of such municipality; (6) upon request of the 166
215	215		Secretary of the Office of Policy and Management and with the 167
216	216		approval of the chief executive officer of a member municipality in 168
217	217		which a development district is located, enter into an agreement to 169
218	218		facilitate development or redevelopment within such development 170
219	219		district; (7) encourage development and redevelopment of property 171
220	220		within development districts; (8) engage residents of member 172
221	221		municipalities and other stakeholders in development and 173
222	222		redevelopment efforts; and (9) market and develop development 174
223		-	districts as vibrant and multidimensional. 175
224		-	(b) For the purposes enumerated in subsection (a) of this section, the 176
225		-	authority is authorized and empowered to: 177 Substitute Bill No. 7209
	223	+	districts as vibrant and multidimensional. 175 Raised Bill No. 7209
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	229	+	(b) For the purposes enumerated in subsection (a) of this section, the 176
	230	+	authority is authorized and empowered to: 177
232	231		(1) Have perpetual succession as a body politic and corporate and to 178
233	232		adopt procedures for the regulation of its affairs and the conduct of its 179
234	233		business, as provided in section 4 of this act; 180
235	234		(2) Adopt a corporate seal and alter the same at pleasure; 181
236	235		(3) Maintain an office at such place or places as it may designate; 182
237	236		(4) Sue and be sued in its own name, plead and be impleaded; 183
238	237		(5) Contract and be contracted with; 184
239	238		(6) (A) Employ such assistants, agents and other employees as may 185
240	239		be necessary or desirable to carry out its purposes, which employees 186
241	240		shall be exempt from the classified service and shall not be employees, 187
242	241		as defined in subsection (b) of section 5-270 of the general statutes; (B) 188
243	242		establish all necessary or appropriate personnel practices and policies, 189
244	243		including those relating to hiring, promotion, compensation, 190
245	244		retirement and collective bargaining, which need not be in accordance 191
246		-	with chapter 68 of the general statutes. For the purposes of this 192
247		-	subdivision, the authority shall not be an employer, as defined in 193
248		-	subsection (a) of section 5-270 of the general statutes, and for the 194
249		-	purposes of group welfare benefits and retirement, including, but not 195
250		-	limited to, those provided under chapter 66 of the general statutes and 196
251		-	sections 5-257 and 5-259 of the general statutes, the officers and all 197
252		-	other employees of the authority shall be state employees; and (C) 198
253		-	engage consultants, attorneys and appraisers as may be necessary or 199
254		-	desirable to carry out its purposes in accordance with sections 2 to 12, 200
255		-	inclusive, of this act; 201
256		-	(7) Acquire, lease, purchase, own, manage, hold and dispose of 202
257		-	personal property, and lease, convey or deal in or enter into 203
258		-	agreements with respect to such property on any terms necessary or 204
259		-	incidental to carrying out the purposes set forth in this section; 205
260		-	(8) Procure insurance against any liability or loss in connection with 206
261		-	its property and other assets, in such amounts and from such insurers 207 Substitute Bill No. 7209
	245	+	with chapter 68 of the general statutes, and the authority shall not be 192
	246	+	an employer as defined in subsection (a) of section 5-270 of the general 193
	247	+	statutes; (C) for purposes of group welfare benefits and retirement, 194
	248	+	including, but not limited to, those provided under chapter 66 of the 195
	249	+	general statutes and sections 5-257 and 5-259 of the general statutes, 196
	250	+	the officers and all other employees of the authority shall be state 197
	251	+	employees; and (D) engage consultants, attorneys and appraisers as 198
	252	+	may be necessary or desirable to carry out its purposes in accordance 199
	253	+	with sections 2 to 12, inclusive, of this act; 200
	254	+	(7) Acquire, lease, purchase, own, manage, hold and dispose of 201
	255	+	personal property, and lease, convey or deal in or enter into 202
	256	+	agreements with respect to such property on any terms necessary or 203
	257	+	incidental to carrying out the purposes set forth in this section; 204
	258	+	(8) Procure insurance against any liability or loss in connection with 205 Raised Bill No. 7209
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268		-	as it deems desirable and procure insurance for employees; 208
269		-	(9) Invest any funds not needed for immediate use or disbursement 209
270		-	in obligations issued or guaranteed by the United States or the state, 210
271		-	including the Short Term Investment Fund and the Tax-Exempt 211
272		-	Proceeds Fund, and in other obligations that are legal investments for 212
273		-	savings banks in this state, and in-time deposits or certificates of 213
274		-	deposit or other similar banking arrangements secured in such manner 214
275		-	as the authority determines; 215
276		-	(10) Enter into such memoranda of agreement as the authority 216
277		-	deems appropriate to carry out its responsibilities under this section; 217
278		-	and 218
279		-	(11) Do all acts and things necessary or convenient to carry out the 219
280		-	purposes of, and the powers expressly granted by, this section. 220
281		-	(c) In addition to the powers enumerated in subsection (b) of this 221
282		-	section, the Connecticut Municipal Redevelopment Authority shall 222
283		-	have the following powers with respect to authority development 223
284		-	projects: 224
285		-	(1) (A) To acquire by gift, purchase, lease or transfer, lands or rights-225
286		-	in-land and to sell and lease or sublease, as lessor or lessee or sublessor 226
287		-	or sublessee, any portion of its real property rights, including air space 227
288		-	above, and enter into related common area maintenance, easement, 228
289		-	access, support and similar agreements, and own and operate facilities 229
290		-	associated with authority development projects, provided such activity 230
291		-	is consistent with all applicable federal tax covenants of the authority; 231
292		-	(B) to transfer or dispose of any property or interest therein acquired 232
293		-	by the authority at any time; and (C) to receive and accept aid or 233
294		-	contributions from any source of money, labor, property or other thing 234
295		-	of value, to be held, used and applied to carry out the purposes of this 235
296		-	section, subject to the conditions upon which such grants and 236
297		-	contributions are made, including, but not limited to, gifts or grants 237
298		-	from any department, agency or instrumentality of the United States or 238 Substitute Bill No. 7209
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	264	+	its property and other assets, in such amounts and from such insurers 206
	265	+	as it deems desirable and procure insurance for employees; 207
	266	+	(9) Invest any funds not needed for immediate use or disbursement 208
	267	+	in obligations issued or guaranteed by the United States or the state, 209
	268	+	including the Short Term Investment Fund and the Tax-Exempt 210
	269	+	Proceeds Fund, and in other obligations that are legal investments for 211
	270	+	savings banks in this state, and in-time deposits or certificates of 212
	271	+	deposit or other similar banking arrangements secured in such manner 213
	272	+	as the authority determines; 214
	273	+	(10) Enter into such memoranda of understanding as the authority 215
	274	+	deems appropriate to carry out its responsibilities under this section; 216
	275	+	and 217
	276	+	(11) Do all acts and things necessary or convenient to carry out the 218
	277	+	purposes of, and the powers expressly granted by, this section. 219
	278	+	(c) In addition to the powers enumerated in subsection (b) of this 220
	279	+	section, the Connecticut Municipal Redevelopment Authority shall 221
	280	+	have the following powers with respect to authority development 222
	281	+	projects: 223
	282	+	(1) (A) To acquire by gift, purchase, lease or transfer, lands or rights-224
	283	+	in-land and to sell and lease or sublease, as lessor or lessee or sublessor 225
	284	+	or sublessee, any portion of its real property rights, including air space 226
	285	+	above, and enter into related common area maintenance, easement, 227
	286	+	access, support and similar agreements, and own and operate facilities 228
	287	+	associated with authority development projects, provided such activity 229
	288	+	is consistent with all applicable federal tax covenants of the authority; 230
	289	+	(B) to transfer or dispose of any property or interest therein acquired 231
	290	+	by the authority at any time; and (C) to receive and accept aid or 232
	291	+	contributions from any source of money, labor, property or other thing 233
	292	+	of value, to be held, used and applied to carry out the purposes of this 234
	293	+	section, subject to the conditions upon which such grants and 235
	294	+	contributions are made, including, but not limited to, gifts or grants 236
	295	+	from any department, agency or instrumentality of the United States or 237 Raised Bill No. 7209
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305		-	this state for any purpose consistent with this section, provided (i) the 239
306		-	authority shall provide opportunity for public comment prior to any 240
307		-	acquisition, transfer or disposal in accordance with this subdivision, 241
308		-	and (ii) any land or right-in-land, aid or contribution received by the 242
309		-	authority under this subdivision shall be subject to the provisions of 243
310		-	chapter 10 of the general statutes; 244
311		-	(2) In consultation with the chief executive officer of the 245
312		-	municipality in which an authority development project is located, and 246
313		-	after the authority has provided an opportunity for public comment, to 247
314		-	condemn properties that may be necessary or desirable to effectuate 248
315		-	the purposes of the authority, in accordance with the provisions of part 249
316		-	I of chapter 835 of the general statutes; 250
317		-	(3) To formulate plans for, acquire, finance and develop, lease, 251
318		-	purchase, construct, reconstruct, repair, improve, expand, extend, 252
319		-	operate, maintain and market facilities associated with authority 253
320		-	development projects, provided such activities are consistent with all 254
321		-	applicable federal tax covenants of the authority; 255
322		-	(4) To contract and be contracted with, provided if management, 256
323		-	operating or promotional contracts or agreements or other contracts or 257
324		-	agreements are entered into with nongovernmental parties with 258
325		-	respect to property financed with the proceeds of obligations, the 259
326		-	interest on which is excluded from gross income for federal income 260
327		-	taxation, the board of directors shall ensure that such contracts or 261
328		-	agreements are in compliance with the covenants of the authority 262
329		-	upon which such tax exclusion is conditioned; 263
330		-	(5) To fix and revise, from time to time, and to charge and collect 264
331		-	fees, rents and other charges for the use, occupancy or operation of 265
332		-	authority development projects, and to establish and revise from time 266
333		-	to time procedures concerning the use, operation and occupancy of 267
334		-	facilities associated with such projects, including parking rates, rules 268
335		-	and procedures, provided such arrangements are consistent with all 269
336		-	applicable federal tax covenants of the authority, and to utilize net 270 Substitute Bill No. 7209
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	300	+
	301	+	this state for any purpose consistent with this section, provided (i) the 238
	302	+	authority shall provide opportunity for public comment prior to any 239
	303	+	acquisition, transfer or disposal in accordance with this subdivision, 240
	304	+	and (ii) any land or right-in-land, aid or contribution received by the 241
	305	+	authority under this subdivision shall be subject to the provisions of 242
	306	+	chapter 10 of the general statutes; 243
	307	+	(2) In consultation with the chief executive officer of the 244
	308	+	municipality in which an authority development project is located, and 245
	309	+	after the authority has provided an opportunity for public comment, to 246
	310	+	condemn properties that may be necessary or desirable to effectuate 247
	311	+	the purposes of the authority, in accordance with the provisions of part 248
	312	+	I of chapter 835 of the general statutes; 249
	313	+	(3) To formulate plans for, acquire, finance and develop, lease, 250
	314	+	purchase, construct, reconstruct, repair, improve, expand, extend, 251
	315	+	operate, maintain and market facilities associated with authority 252
	316	+	development projects, provided such activities are consistent with all 253
	317	+	applicable federal tax covenants of the authority; 254
	318	+	(4) To contract and be contracted with, provided if management, 255
	319	+	operating or promotional contracts or agreements or other contracts or 256
	320	+	agreements are entered into with nongovernmental parties with 257
	321	+	respect to property financed with the proceeds of obligations, the 258
	322	+	interest on which is excluded from gross income for federal income 259
	323	+	taxation, the board of directors shall ensure that such contracts or 260
	324	+	agreements are in compliance with the covenants of the authority 261
	325	+	upon which such tax exclusion is conditioned; 262
	326	+	(5) To fix and revise, from time to time, and to charge and collect 263
	327	+	fees, rents and other charges for the use, occupancy or operation of 264
	328	+	authority development projects, and to establish and revise from time 265
	329	+	to time procedures concerning the use, operation and occupancy of 266
	330	+	facilities associated with such projects, including parking rates, rules 267
	331	+	and procedures, provided such arrangements are consistent with all 268
	332	+	applicable federal tax covenants of the authority, and to utilize net 269 Raised Bill No. 7209
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343		-	revenues received by the authority from the operation of such 271
344		-	facilities, after allowance for operating expenses and other charges 272
345		-	related to the ownership, operation or financing thereof, for other 273
346		-	proper purposes of the authority, including, but not limited to, 274
347		-	funding of operating deficiencies or operating or capital replacement 275
348		-	reserves for such facilities and related parking facilities, as determined 276
349		-	to be appropriate by the authority; 277
350		-	(6) To engage architects, engineers, attorneys, accountants, 278
351		-	consultants and such other independent professionals as may be 279
352		-	necessary or desirable to carry out authority development projects; 280
353		-	(7) To contract for construction, development, concessions and the 281
354		-	procurement of goods and services, and to establish and modify 282
355		-	procurement procedures from time to time in accordance with the 283
356		-	provisions of section 4 of this act to implement the foregoing; 284
357		-	(8) To borrow money and to issue bonds, notes and other 285
358		-	obligations of the authority to the extent permitted under section 8 of 286
359		-	this act, to fund and refund the same and to provide for the rights of 287
360		-	the holders thereof and to secure the same by pledge of assets, 288
361		-	revenues and notes; 289
362		-	(9) To do anything necessary and desirable, including executing 290
363		-	reimbursement agreements or similar agreements in connection with 291
364		-	credit facilities, including, but not limited to, letters of credit or policies 292
365		-	of bond insurance, remarketing agreements and agreements for the 293
366		-	purpose of moderating interest rate fluctuations, to render any bonds 294
367		-	to be issued pursuant to section 8 of this act more marketable; and 295
368		-	(10) To engage in and contract for marketing and promotional 296
369		-	activities for authority development projects under the operation or 297
370		-	jurisdiction of the authority. 298
371		-	(d) The Connecticut Municipal Redevelopment Authority and the 299
372		-	Capital Region Development Authority, established pursuant to 300
373		-	chapter 588x of the general statutes, may enter into a memorandum of 301 Substitute Bill No. 7209
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	337	+
	338	+	revenues received by the authority from the operation of such 270
	339	+	facilities, after allowance for operating expenses and other charges 271
	340	+	related to the ownership, operation or financing thereof, for other 272
	341	+	proper purposes of the authority, including, but not limited to, 273
	342	+	funding of operating deficiencies or operating or capital replacement 274
	343	+	reserves for such facilities and related parking facilities, as determined 275
	344	+	to be appropriate by the authority; 276
	345	+	(6) To engage architects, engineers, attorneys, accountants, 277
	346	+	consultants and such other independent professionals as may be 278
	347	+	necessary or desirable to carry out authority development projects; 279
	348	+	(7) To contract for construction, development, concessions and the 280
	349	+	procurement of goods and services, and to establish and modify 281
	350	+	procurement procedures from time to time in accordance with the 282
	351	+	provisions of section 4 of this act to implement the foregoing; 283
	352	+	(8) To borrow money and to issue bonds , notes and other 284
	353	+	obligations of the authority to the extent permitted under section 8 of 285
	354	+	this act, to fund and refund the same and to provide for the rights of 286
	355	+	the holders thereof and to secure the same by pledge of assets, 287
	356	+	revenues and notes; 288
	357	+	(9) To do anything necessary and desirable, including executing 289
	358	+	reimbursement agreements or similar agreements in connection with 290
	359	+	credit facilities, including, but not limited to, letters of credit or policies 291
	360	+	of bond insurance, remarketing agreements and agreements for the 292
	361	+	purpose of moderating interest rate fluctuations, to render any bonds 293
	362	+	to be issued pursuant to section 8 of this act more marketable; and 294
	363	+	(10) To engage in and contract for marketing and promotional 295
	364	+	activities for authority development projects under the operation or 296
	365	+	jurisdiction of the authority. 297
	366	+	(d) The Connecticut Municipal Redevelopment Authority and the 298
	367	+	Capital Region Development Authority, established pursuant to 299
	368	+	chapter 588x of the general statutes, may enter into a memorandum of 300 Raised Bill No. 7209
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380		-	agreement pursuant to which: (1) Administrative support and services, 302
381		-	including all staff support necessary for the operations of the 303
382		-	Connecticut Municipal Redevelopment Authority may be provided by 304
383		-	the Capital Region Development Authority, and (2) provision is made 305
384		-	for the coordination of management and operational activities that 306
385		-	may include: (A) Joint procurement and contracting; (B) the sharing of 307
386		-	services and resources; (C) the coordination of promotional activities; 308
387		-	and (D) other arrangements designed to enhance revenues, reduce 309
388		-	operating costs or achieve operating efficiencies. The terms and 310
389		-	conditions of such memorandum of agreement, including provisions 311
390		-	with respect to the reimbursement by the Connecticut Municipal 312
391		-	Redevelopment Authority to the Capital Region Development 313
392		-	Authority of the costs of such administrative support and services, 314
393		-	shall be as the Connecticut Municipal Redevelopment Authority and 315
394		-	the Capital Region Development Authority determine to be 316
395		-	appropriate. 317
396		-	(e) The authority shall have the power to negotiate, and, with the 318
397		-	approval of the Secretary of the Office of Policy and Management, to 319
398		-	enter into an agreement with any private developer, owner or lessee of 320
399		-	any building or improvement located on land in a development 321
400		-	district providing for payments to the authority in lieu of real property 322
401		-	taxes. Such an agreement shall be made a condition of any private 323
402		-	right of development within the development district, and shall 324
403		-	include a requirement that such private developer, owner or lessee 325
404		-	make good faith efforts to hire, or cause to be hired, available and 326
405		-	qualified minority business enterprises, as defined in section 4a-60g of 327
406		-	the general statutes, to provide construction services and materials for 328
407		-	improvements to be constructed within the development district in an 329
408		-	effort to achieve a minority business enterprise utilization goal of ten 330
409		-	per cent of the total costs of construction services and materials for 331
410		-	such improvements. Such payments to the authority in lieu of real 332
411		-	property taxes shall have the same lien and priority, and may be 333
412		-	enforced by the authority in the same manner, as provided for 334
413		-	municipal real property taxes. Such payments as received by the 335 Substitute Bill No. 7209
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	373	+
	374	+	understanding pursuant to which: (1) Administrative support and 301
	375	+	services, including all staff support necessary for the operations of the 302
	376	+	Connecticut Municipal Redevelopment Authority may be provided by 303
	377	+	the Capital Region Development Authority, and (2) provision is made 304
	378	+	for the coordination of management and operational activities that 305
	379	+	may include: (A) Joint procurement and contracting; (B) the sharing of 306
	380	+	services and resources; (C) the coordination of promotional activities; 307
	381	+	and (D) other arrangements designed to enhance revenues, reduce 308
	382	+	operating costs or achieve operating efficiencies. The terms and 309
	383	+	conditions of such memorandum of understanding, including 310
	384	+	provisions with respect to the reimbursement by the Connecticut 311
	385	+	Municipal Redevelopment Authority to the Capital Region 312
	386	+	Development Authority of the costs of such administrative support 313
	387	+	and services, shall be as the Connecticut Municipal Redevelopment 314
	388	+	Authority and the Capital Region Development Authority determine 315
	389	+	to be appropriate. 316
	390	+	(e) The authority shall have the power to negotiate, and, with the 317
	391	+	approval of the Secretary of the Office of Policy and Management, to 318
	392	+	enter into an agreement with any private developer, owner or lessee of 319
	393	+	any building or improvement located on land in a development 320
	394	+	district providing for payments to the authority in lieu of real property 321
	395	+	taxes. Such an agreement shall be made a condition of any private 322
	396	+	right of development within the development district, and shall 323
	397	+	include a requirement that such private developer, owner or lessee 324
	398	+	make good faith efforts to hire, or cause to be hired, available and 325
	399	+	qualified minority business enterprises, as defined in section 4a-60g of 326
	400	+	the general statutes, to provide construction services and materials for 327
	401	+	improvements to be constructed within the development district in an 328
	402	+	effort to achieve a minority business enterprise utilization goal of ten 329
	403	+	per cent of the total costs of construction services and materials for 330
	404	+	such improvements. Such payments to the authority in lieu of real 331
	405	+	property taxes shall have the same lien and priority, and may be 332
	406	+	enforced by the authority in the same manner, as provided for 333
	407	+	municipal real property taxes. Such payments as received by the 334 Raised Bill No. 7209
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420		-	authority shall be used to carry out the purposes of the authority set 336
421		-	forth in subsection (a) of this section. 337
422		-	(f) Nothing in sections 2 to 12, inclusive, of this act shall be 338
423		-	construed as limiting the authority of the Connecticut Municipal 339
424		-	Redevelopment Authority to enter into agreements to facilitate 340
425		-	development or redevelopment of municipal property or facilities. 341
426		-	Sec. 4. (NEW) (Effective October 1, 2019) The board of directors of the 342
427		-	Connecticut Municipal Redevelopment Authority shall adopt written 343
428		-	procedures, in accordance with the provisions of section 1-121 of the 344
429		-	general statutes, for: (1) Adopting an annual budget and plan of 345
430		-	operations, which shall include a requirement of board approval 346
431		-	before the budget or plan may take effect; (2) hiring, dismissing, 347
432		-	promoting and compensating employees of the authority, which shall 348
433		-	include an affirmative action policy and a requirement of board 349
434		-	approval before a position may be created or a vacancy may be filled; 350
435		-	(3) acquiring real and personal property and personal services, which 351
436		-	shall include a requirement of board approval for any nonbudgeted 352
437		-	expenditure in excess of ten thousand dollars; (4) contracting for 353
438		-	financial, legal, bond underwriting and other professional services, 354
439		-	including a requirement that the authority solicit proposals at least 355
440		-	once every three years for each such service that it uses; (5) issuing and 356
441		-	retiring bonds, notes and other obligations of the authority; (6) 357
442		-	providing loans, grants and other financial assistance, which shall 358
443		-	include eligibility criteria, the application process and the role played 359
444		-	by the authority's staff and board of directors; and (7) the use of 360
445		-	surplus funds. 361
446		-	Sec. 5. (NEW) (Effective October 1, 2019) (a) Any municipality with a 362
447		-	population of seventy thousand or more as determined by the most 363
448		-	recent decennial census, except the city of Hartford or any 364
449		-	municipality that is considered part of the capital region, as defined in 365
450		-	section 32-600 of the general statutes, may, by certified resolution of 366
451		-	the legislative body of the municipality, opt to join the Connecticut 367
452		-	Municipal Redevelopment Authority as a member municipality, 368 Substitute Bill No. 7209
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	412	+
	413	+	authority shall be used to carry out the purposes of the authority set 335
	414	+	forth in subsection (a) of this section. 336
	415	+	(f) Nothing in sections 2 to 12, inclusive, of this act shall be 337
	416	+	construed as limiting the authority of the Connecticut Municipal 338
	417	+	Redevelopment Authority to enter into agreements to facilitate 339
	418	+	development or redevelopment of municipal property or facilities. 340
	419	+	Sec. 4. (NEW) (Effective October 1, 2019) The board of directors of the 341
	420	+	Connecticut Municipal Redevelopment Authority shall adopt written 342
	421	+	procedures, in accordance with the provisions of section 1-121 of the 343
	422	+	general statutes, for: (1) Adopting an annual budget and plan of 344
	423	+	operations, which shall include a requirement of board approval 345
	424	+	before the budget or plan may take effect; (2) hiring, dismissing, 346
	425	+	promoting and compensating employees of the authority, which shall 347
	426	+	include an affirmative action policy and a requirement of board 348
	427	+	approval before a position may be created or a vacancy filled; (3) 349
	428	+	acquiring real and personal property and personal services, which 350
	429	+	shall include a requirement of board approval for any nonbudgeted 351
	430	+	expenditure in excess of ten thousand dollars; (4) contracting for 352
	431	+	financial, legal, bond underwriting and other professional services, 353
	432	+	including a requirement that the authority solicit proposals at least 354
	433	+	once every three years for each such service that it uses; (5) issuing and 355
	434	+	retiring bonds, notes and other obligations of the authority; (6) 356
	435	+	providing loans, grants and other financial assistance, which shall 357
	436	+	include eligibility criteria, the application process and the role played 358
	437	+	by the authority's staff and board of directors; and (7) the use of 359
	438	+	surplus funds. 360
	439	+	Sec. 5. (NEW) (Effective October 1, 2019) (a) Any municipality with a 361
	440	+	population of seventy thousand or more as determined by the most 362
	441	+	recent decennial census, except the city of Hartford or any 363
	442	+	municipality that is considered part of the capital region, as defined in 364
	443	+	section 32-600 of the general statutes, may, by certified resolution of 365
	444	+	the legislative body of the municipality, opt to join the Connecticut 366
	445	+	Municipal Redevelopment Authority as a member mu nicipality, 367 Raised Bill No. 7209
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459		-	provided such municipality holds a public hearing prior to any vote on 369
460		-	such certified resolution. Any designated tier III or tier IV 370
461		-	municipality, except the city of Hartford or any municipality that is 371
462		-	considered part of the capital region as defined in section 32-600 of the 372
463		-	general statutes, shall be deemed a member municipality. 373
464		-	(b) The legislative body of each member municipality shall appoint 374
465		-	an advisory board to serve as liaison to the authority. Such advisory 375
466		-	board (1) shall include three individuals representing the municipality 376
467		-	and the chief executive officer of such municipality, who shall serve as 377
468		-	chairperson of the board, and (2) may include, but need not be limited 378
469		-	to, representatives from local health or human services organizations, 379
470		-	local housing organizations, a local school district or education 380
471		-	organization, and a local business organization. Such advisory board 381
472		-	shall also include one member of the board of directors of the 382
473		-	authority, chosen by the chairperson of the board of directors of the 383
474		-	authority. Each legislative body shall make a good faith effort to 384
475		-	appoint representatives of minority-owned businesses, advocates for 385
476		-	walkable communities and members who are geographically, racially, 386
477		-	socioeconomically and gender diverse. 387
478		-	(c) Any municipality that opts to join the authority as a member 388
479		-	municipality or that is deemed a member municipality pursuant to 389
480		-	subsection (a) of this section shall enter into a memorandum of 390
481		-	agreement with the authority for the establishment of one or more 391
482		-	development districts. 392
483		-	Sec. 6. (NEW) (Effective October 1, 2019) (a) In lieu of the report 393
484		-	required under section 1-123 of the general statutes, within the first 394
485		-	ninety days of each fiscal year of the Connecticut Municipal 395
486		-	Redevelopment Authority, the board of directors of the authority shall 396
487		-	submit a report to the Governor, the Auditors of Public Accounts and 397
488		-	the joint standing committee of the General Assembly having 398
489		-	cognizance of matters relating to finance, revenue and bonding. Such 399
490		-	report shall include, but not be limited to, the following: (1) A list of all 400
491		-	bonds issued during the preceding fiscal year, including, for each such 401 Substitute Bill No. 7209
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	450	+
	451	+	provided such municipality holds a public hearing prior to any vote on 368
	452	+	such certified resolution. Any designated tier III or tier IV 369
	453	+	municipality, except the city of Hartford or any municipality that is 370
	454	+	considered part of the capital region as defined in section 32-600 of the 371
	455	+	general statutes, shall be deemed a member municipality. 372
	456	+	(b) The legislative body of each member municipality shall appoint 373
	457	+	an advisory board to serve as liaison to the authority. Such advisory 374
	458	+	board (1) shall include three individuals representing the municipality 375
	459	+	and the chief executive officer of such municipality, who shall serve as 376
	460	+	chairperson of the board, and (2) may include, but need not be limited 377
	461	+	to, representatives from local health or human services organizations, 378
	462	+	local housing organizations, a local school district or education 379
	463	+	organization, and a local business organization. Such advisory board 380
	464	+	shall also include one member of the board of directors of the 381
	465	+	authority, chosen by the chairperson of the board of directors of the 382
	466	+	authority. Each legislative body shall make a good faith effort to 383
	467	+	appoint representatives of minority-owned businesses, advocates for 384
	468	+	walkable communities and members who are geographically, racially, 385
	469	+	socioeconomically and gender diverse. 386
	470	+	(c) Any municipality that opts to join the authority as a member 387
	471	+	municipality or that is deemed a member municipality pursuant to 388
	472	+	subsection (a) of this section shall enter into a memorandum of 389
	473	+	agreement with the authority for the establishment of one or more 390
	474	+	development districts. 391
	475	+	Sec. 6. (NEW) (Effective October 1, 2019) (a) In lieu of the report 392
	476	+	required under section 1-123 of the general statutes, within the first 393
	477	+	ninety days of each fiscal year of the Connecticut Municipal 394
	478	+	Redevelopment Authority, the board of directors of the authority shall 395
	479	+	submit a report to the Governor, the Auditors of Public Accounts and 396
	480	+	the joint standing committee of the General Assembly having 397
	481	+	cognizance of matters relating to finance, revenue and bonding. Such 398
	482	+	report shall include, but not be limited to, the following: (1) A list of all 399
	483	+	bonds issued during the preceding fiscal year, including, for each such 400 Raised Bill No. 7209
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498		-	issue, the financial advisor and underwriters, whether the issue was 402
499		-	competitive, negotiated or privately placed, and the issue's face value 403
500		-	and net proceeds; (2) a description of each authority development 404
501		-	project in which the authority is involved, its location and the amount 405
502		-	of funds, if any, provided by the authority with respect to the 406
503		-	construction of such project; (3) a list of all outside individuals and 407
504		-	firms, including principal and other major stockholders, receiving in 408
505		-	excess of five thousand dollars as payments for services; (4) a 409
506		-	comprehensive annual financial report prepared in accordance with 410
507		-	generally accepted accounting principles for governmental enterprises; 411
508		-	(5) the cumulative value of all bonds issued, the value of outstanding 412
509		-	bonds and the amount of the state's contingent liability; (6) the 413
510		-	affirmative action policy adopted pursuant to section 4 of this act, a 414
511		-	description of the composition of the workforce of the Connecticut 415
512		-	Municipal Redevelopment Authority by race, sex and occupation and 416
513		-	a description of the affirmative action efforts of the authority; and (7) a 417
514		-	description of planned activities for the current fiscal year. 418
515		-	(b) The board of directors of the authority shall annually contract 419
516		-	with a person, firm or corporation for a compliance audit of the 420
517		-	authority's activities during the preceding authority fiscal year. The 421
518		-	audit shall determine whether the authority has complied with the 422
519		-	authority's policies and procedures concerning affirmative action, 423
520		-	personnel practices, the purchase of goods and services and the use of 424
521		-	surplus funds. The board shall submit the audit report to the 425
522		-	Governor, the Auditors of Public Accounts and the joint standing 426
523		-	committee of the General Assembly having cognizance of matters 427
524		-	relating to finance, revenue and bonding. 428
525		-	(c) The board of directors of the authority shall annually contract 429
526		-	with a firm of certified public accountants to undertake an 430
527		-	independent financial audit of the Connecticut Municipal 431
528		-	Redevelopment Authority in accordance with generally accepted 432
529		-	auditing standards. The board shall submit the audit report to the 433
530		-	Governor, the Auditors of Public Accounts and the joint standing 434 Substitute Bill No. 7209
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	488	+
	489	+	issue, the financial advisor and underwriters, whether the issue was 401
	490	+	competitive, negotiated or privately placed, and the issue's face value 402
	491	+	and net proceeds; (2) a description of each authority development 403
	492	+	project in which the authority is involved, its location and the amount 404
	493	+	of funds, if any, provided by the authority with respect to the 405
	494	+	construction of such project; (3) a list of all outside individuals and 406
	495	+	firms, including principal and other major stockholders, receiving in 407
	496	+	excess of five thousand dollars as payments for services; (4) a 408
	497	+	comprehensive annual financial report prepared in accordance with 409
	498	+	generally accepted accounting principles for governmental enterprises; 410
	499	+	(5) the cumulative value of all bonds issued, the value of outstanding 411
	500	+	bonds and the amount of the state's contingent liability; (6) the 412
	501	+	affirmative action policy adopted pursuant to section 4 of this act, a 413
	502	+	description of the composition of the workforce of the Connecticut 414
	503	+	Municipal Redevelopment Authority by race, sex and occupation and 415
	504	+	a description of the affirmative action efforts of the authority; and (7) a 416
	505	+	description of planned activities for the current fiscal year. 417
	506	+	(b) The board of directors of the authority shall annually contract 418
	507	+	with a person, firm or corporation for a compliance audit of the 419
	508	+	authority's activities during the preceding authority fiscal year. The 420
	509	+	audit shall determine whether the authority has complied with the 421
	510	+	authority's policies and procedures concerning affirmative action, 422
	511	+	personnel practices, the purchase of goods and services and the use of 423
	512	+	surplus funds. The board shall submit the audit report to the 424
	513	+	Governor, the Auditors of Public Accounts and the joint standing 425
	514	+	committee of the General Assembly having cognizance of matters 426
	515	+	relating to finance, revenue and bonding. 427
	516	+	(c) The board of directors of the authority shall annually contract 428
	517	+	with a firm of certified public accountants to undertake an 429
	518	+	independent financial audit of the Connecticut Municipal 430
	519	+	Redevelopment Authority in accordance with generally accepted 431
	520	+	auditing standards. The board shall submit the audit report to the 432
	521	+	Governor, the Auditors of Public Accounts and the joint standing 433
	522	+	committee of the General Assembly having cognizance of matters 434 Raised Bill No. 7209
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537		-	committee of the General Assembly having cognizance of matters 435
538		-	relating to finance, revenue and bonding. 436
539		-	(d) The authority shall designate a contract compliance officer from 437
540		-	its staff to monitor compliance of the operations of facilities and 438
541		-	parking facilities associated with authority development projects that 439
542		-	are under the management or control of the authority, with (1) the 440
543		-	provisions of state law applicable to such operations, and (2) 441
544		-	applicable requirements of contracts entered into by the authority 442
545		-	relating to set-asides for small contractors and minority business 443
546		-	enterprises and required efforts to hire available and qualified 444
547		-	members of minorities, as defined in section 32-9n of the general 445
548		-	statutes. Each year during the period of operations of facilities 446
549		-	associated with authority development projects, such officer shall file a 447
550		-	written report with the authority as to findings and recommendations 448
551		-	regarding such compliance. 449
552		-	Sec. 7. (NEW) (Effective October 1, 2019) (a) Any person, including, 450
553		-	but not limited to, a state or municipal agency, requesting funds from 451
554		-	the state, including, but not limited to, any authority created by the 452
555		-	general statutes or any public or special act, with respect to any 453
556		-	authority development project shall, at the time it makes such request 454
557		-	for funds from the state, present a full and complete copy of its 455
558		-	application or request along with any supporting documents or 456
559		-	exhibits to the authority for its recommendation and to the Secretary of 457
560		-	the Office of Policy and Management. The Connecticut Municipal 458
561		-	Redevelopment Authority shall, not later than ninety days after receipt 459
562		-	of such application or request, prepare and adopt an economic 460
563		-	development statement summarizing its recommendations with 461
564		-	respect to such application or request and deliver such statement to the 462
565		-	state officer, official, employee or agent of the state or authority to 463
566		-	whom such application or request was made. The recommendations in 464
567		-	such statement shall include contract provisions regarding 465
568		-	performance standards, including, but not limited to, project timelines. 466
569		-	(b) Notwithstanding any provision of the general statutes, public or 467 Substitute Bill No. 7209
	526	+	LCO No. 4409 15 of 29
	527	+
	528	+	relating to finance, revenue and bonding. 435
	529	+	(d) The authority shall designate a contract compliance officer from 436
	530	+	its staff to monitor compliance of the operations of facilities and 437
	531	+	parking facilities associated with authority development projects that 438
	532	+	are under the management or control of the authority, with (1) the 439
	533	+	provisions of state law applicable to such operations, and (2) 440
	534	+	applicable requirements of contracts entered into by the authority 441
	535	+	relating to set-asides for small contractors and minority business 442
	536	+	enterprises and required efforts to hire available and qualified 443
	537	+	members of minorities, as defined in section 32-9n of the general 444
	538	+	statutes. Each year during the period of operations of facilities 445
	539	+	associated with authority development projects, such officer shall file a 446
	540	+	written report with the authority as to findings and recommendations 447
	541	+	regarding such compliance. 448
	542	+	Sec. 7. (NEW) (Effective October 1, 2019) (a) Any person, including, 449
	543	+	but not limited to, a state or municipal agency, requesting funds from 450
	544	+	the state, including, but not limited to, any authority created by the 451
	545	+	general statutes or any public or special act, with respect to any 452
	546	+	authority development project shall, at the time it makes such request 453
	547	+	for funds from the state, present a full and complete copy of its 454
	548	+	application or request along with any supporting documents or 455
	549	+	exhibits to the authority for its recommendation and to the Secretary of 456
	550	+	the Office of Policy and Management. The Connecticut Municipal 457
	551	+	Redevelopment Authority shall, not later than ninety days after receipt 458
	552	+	of such application or request, prepare and adopt an economic 459
	553	+	development statement summarizing its recommendations with 460
	554	+	respect to such application or request and deliver such statement to the 461
	555	+	state officer, official, employee or agent of the state or authority to 462
	556	+	whom such application or request was made. The recommendations in 463
	557	+	such statement shall include contract provisions regarding 464
	558	+	performance standards, including, but not limited to, project timelines. 465
	559	+	(b) Notwithstanding any provision of the general statutes, public or 466
	560	+	special acts, any regulation or procedure or any other law, no officer, 467 Raised Bill No. 7209
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575	563
576		-	special acts, any regulation or procedure or any other law, no officer, 468
577		-	official, employee or agent of the state or any authority created by the 469
578		-	general statutes or any public or special act shall expend any funds on 470
579		-	any authority development project, unless such officer, official, 471
580		-	employee or agent has received an economic development statement 472
581		-	prepared by the Connecticut Municipal Redevelopment Authority 473
582		-	pursuant to subsection (a) of this section, except that if no such 474
583		-	statement is received by the ninetieth day after the date of the initial 475
584		-	application or request for such funds, such funds may be expended. If 476
585		-	funds are expended pursuant to this subsection in a manner not 477
586		-	consistent with the recommendations contained in an economic 478
587		-	development statement for such expenditure, the officer, official, 479
588		-	employee or agent of the state expending such funds shall respond in 480
589		-	writing to the authority, providing an explanation of the decision with 481
590		-	respect to such expenditure. 482
591		-	(c) The Connecticut Municipal Redevelopment Authority shall 483
592		-	coordinate the use of all state, municipal and quasi-public agency 484
593		-	planning and financial resources that are made available for any 485
594		-	authority development project in which the authority is involved, 486
595		-	including any resources available from any quasi-public agency. 487
596		-	(d) All state agencies, departments, boards, commissions and 488
597		-	councils and all quasi-public agencies shall cooperate with the 489
598		-	Connecticut Municipal Redevelopment Authority in carrying out the 490
599		-	purposes enumerated in section 3 of this act. 491
600		-	Sec. 8. (NEW) (Effective October 1, 2019) (a) The board of directors of 492
601		-	the Connecticut Municipal Redevelopment Authority is authorized 493
602		-	from time to time to issue its bonds, notes and other obligations in 494
603		-	such principal amounts as in the opinion of the board shall be 495
604		-	necessary to provide sufficient funds for carrying out the purposes set 496
605		-	forth in section 3 of this act, including the payment, funding or 497
606		-	refunding of the principal of, or interest or redemption premiums on, 498
607		-	any bonds, notes and other obligations issued by it, whether the bonds, 499
608		-	notes or other obligations or interest to be funded or refunded have or 500 Substitute Bill No. 7209
	564	+	LCO No. 4409 16 of 29
	565	+
	566	+	official, employee or agent of the state or any authority created by the 468
	567	+	general statutes or any public or special act shall expend any funds on 469
	568	+	any authority development project, unless such officer, official, 470
	569	+	employee or agent has received an economic development statement 471
	570	+	prepared by the Connecticut Municipal Redevelopment Authority 472
	571	+	pursuant to subsection (a) of this section, except that if no such 473
	572	+	statement is received by the date ninety days from the date of the 474
	573	+	initial application or request for such funds, such funds may be 475
	574	+	expended. If funds are expended pursuant to this subsection in a 476
	575	+	manner not consistent with the recommendations contained in an 477
	576	+	economic development statement for such expenditure, the officer, 478
	577	+	official, employee or agent of the state expending such funds shall 479
	578	+	respond in writing to the authority, providing an explanation of the 480
	579	+	decision with respect to such expenditure. 481
	580	+	(c) The Connecticut Municipal Redevelopment Authority shall 482
	581	+	coordinate the use of all state, municipal and quasi-public agency 483
	582	+	planning and financial resources that are made available for any 484
	583	+	authority development project in which the authority is involved, 485
	584	+	including any resources available from any quasi-public agency. 486
	585	+	(d) All state agencies, departments, boards, commissions and 487
	586	+	councils and all quasi-public agencies shall cooperate with the 488
	587	+	Connecticut Municipal Redevelopment Authority in carrying out the 489
	588	+	purposes enumerated in section 3 of this act. 490
	589	+	Sec. 8. (NEW) (Effective October 1, 2019) (a) The board of directors of 491
	590	+	the Connecticut Municipal Redevelopment Authority is authorized 492
	591	+	from time to time to issue its bonds, notes and other obligations in 493
	592	+	such principal amounts as in the opinion of the board shall be 494
	593	+	necessary to provide sufficient funds for carrying out the purposes set 495
	594	+	forth in section 3 of this act, including the payment, funding or 496
	595	+	refunding of the principal of, or interest or redemption premiums on, 497
	596	+	any bonds, notes and other obligations issued by it, whether the bonds, 498
	597	+	notes or other obligations or interest to be funded or refunded have or 499
	598	+	have not become due, the establishment of reserves to secure such 500 Raised Bill No. 7209
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614	601
615		-	have not become due, the establishment of reserves to secure such 501
616		-	bonds, notes and other obligations, loans made by the authority and all 502
617		-	other expenditures of the authority incident to and necessary or 503
618		-	convenient to carry out the purposes set forth in section 3 of this act. 504
619		-	(b) Every issue of bonds, notes or other obligations shall be a 505
620		-	general obligation of the authority payable out of any moneys or 506
621		-	revenues of the authority and subject only to any agreements with the 507
622		-	holders of particular bonds, notes or other obligations pledging any 508
623		-	particular moneys or revenues. Any such bonds, notes or other 509
624		-	obligations may be additionally secured by any grant or contributions 510
625		-	from any department, agency or instrumentality of the United States or 511
626		-	person or a pledge of any moneys, income or revenues of the authority 512
627		-	from any source whatsoever. 513
628		-	(c) Notwithstanding any provision of law, any bonds, notes or other 514
629		-	obligations issued by the authority pursuant to this section shall be 515
630		-	fully negotiable within the meaning and for all purposes of title 42a of 516
631		-	the general statutes. Any such bonds, notes or other obligations shall 517
632		-	be legal investments for all trust companies, banks, investment 518
633		-	companies, savings banks, building and loan associations, executors, 519
634		-	administrators, guardians, conservators, trustees and other fiduciaries 520
635		-	and pension, profit-sharing and retirement funds. 521
	602	+	LCO No. 4409 17 of 29
	603	+
	604	+	bonds, notes and other obligations, loans made by the authority and all 501
	605	+	other expenditures of the authority incident to and necessary or 502
	606	+	convenient to carry out the purposes set forth in section 3 of this act. 503
	607	+	(b) Every issue of bonds, notes or other obligations shall be a 504
	608	+	general obligation of the authority payable out of any moneys or 505
	609	+	revenues of the authority and subject only to any agreements with the 506
	610	+	holders of particular bonds, notes or other obligations pledging any 507
	611	+	particular moneys or revenues. Any such bonds, notes or other 508
	612	+	obligations may be additionally secured by any grant or contributions 509
	613	+	from any department, agency or instrumentality of the United States or 510
	614	+	person or a pledge of any moneys, income or revenues of the authority 511
	615	+	from any source whatsoever. 512
	616	+	(c) Notwithstanding any other provision of any law, any bonds, 513
	617	+	notes or other obligations issued by the authority pursuant to this 514
	618	+	section shall be fully negotiable within the meaning and for all 515
	619	+	purposes of title 42a of the general statutes. Any such bonds, notes or 516
	620	+	other obligations shall be legal investments for all trust companies, 517
	621	+	banks, investment companies, savings banks, building and loan 518
	622	+	associations, executors, administrators, guardians, conservators, 519
	623	+	trustees and other fiduciaries and pension, profit-sharing and 520
	624	+	retirement funds. 521
636	625		(d) Bonds, notes or other obligations of the authority shall be 522
637	626		authorized by resolution of the board of directors of the authority and 523
638	627		may be issued in one or more series and shall bear such date or dates, 524
639	628		mature at such time or times, in the case of any such note, or any 525
640	629		renewal thereof, not exceeding the term of years as the board shall 526
641	630		determine from the date of the original issue of such notes, and, in the 527
642	631		case of bonds, not exceeding thirty years from the date thereof, bear 528
643	632		interest at such rate or rates, be in such denomination or 529
644	633		denominations, be in such form, either coupon or registered, carry 530
645	634		such conversion or registration privileges, have such rank or priority, 531
646	635		be executed in such manner, be payable from such sources in such 532
647		-	medium of payment at such place or places within or without this 533 ~~Substitute~~ Bill No. 7209
	636	+	medium of payment at such place or places within or without this 533 Raised Bill No. 7209
648	637
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	640	+	LCO No. 4409 18 of 29
653	641
654	642		state, and be subject to such terms of redemption, with or without 534
655	643		premium, as such resolution or resolutions may provide. 535
656	644		(e) Bonds, notes or other obligations of the authority may be sold at 536
657	645		public or private sale at such price or prices as the board shall 537
658	646		determine. 538
659	647		(f) Bonds, notes or other obligations of the authority may be 539
660	648		refunded and renewed from time to time as may be determined by 540
661	649		resolution of the board, provided any such refunding or renewal shall 541
662	650		be in conformity with any rights of the holders of such bonds, notes or 542
663	651		other obligations. 543
664	652		(g) Bonds, notes or other obligations of the authority issued under 544
665	653		the provisions of this section shall not be deemed to constitute a debt 545
666	654		or liability of the state or of any political subdivision thereof other than 546
667	655		the authority, or a pledge of the faith and credit of the state or of any 547
668	656		such political subdivision other than the authority, and shall not 548
669	657		constitute bonds or notes issued or guaranteed by the state within the 549
670	658		meaning of section 3-21 of the general statutes, but shall be payable 550
671	659		solely from the funds as provided in this section. All such bonds, notes 551
672	660		or other obligations shall contain on the face thereof a statement to the 552
673	661		effect that neither the state of Connecticut nor any political subdivision 553
674	662		thereof other than the authority shall be obligated to pay the same or 554
675	663		the interest thereof except from revenues or other funds of the 555
676	664		authority and that neither the faith and credit nor the taxing power of 556
677	665		the state of Connecticut or of any political subdivision thereof other 557
678	666		than the authority is pledged to the payment of the principal of, or the 558
679	667		interest on, such bonds, notes or other obligations. 559
680	668		(h) Any resolution or resolutions authorizing the issuance of bonds, 560
681	669		notes or other obligations may contain provisions, except as limited by 561
682	670		existing agreements with the holders of bonds, notes or other 562
683	671		obligations, which shall be a part of the contract with the holders 563
684	672		thereof, as to the following: (1) The pledging of all or any part of the 564
685		-	moneys received by the authority to secure the payment of the 565 ~~Substitute~~ Bill No. 7209
	673	+	moneys received by the authority to secure the payment of the 565 Raised Bill No. 7209
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	676	+
	677	+	LCO No. 4409 19 of 29
691	678
692	679		principal of and interest on any bonds, notes or other obligations or of 566
693	680		any issue thereof; (2) the pledging of all or part of the assets of the 567
694	681		authority to secure the payment of the principal and interest on any 568
695	682		bonds, notes or other obligations or of any issue thereof; (3) the 569
696	683		establishment of reserves or sinking funds, the making of charges and 570
697	684		fees to provide for the same, and the regulation and disposition 571
698	685		thereof; (4) limitations on the purpose to which the proceeds of sale of 572
699	686		bonds, notes or other obligations may be applied and pledging such 573
700	687		proceeds to secure the payment of the bonds, notes or other 574
701	688		obligations, or of any issues thereof; (5) limitations on the issuance of 575
702	689		additional bonds, notes or other obligations, the terms upon which 576
703	690		additional bonds, bond anticipation notes or other obligations may be 577
704	691		issued and secured, the refunding or purchase of outstanding bonds, 578
705	692		notes or other obligations of the authority; (6) the procedure, if any, by 579
706	693		which the terms of any contract with the holders of any bonds, notes or 580
707	694		other obligations of the authority may be amended or abrogated, the 581
708	695		amount of bonds, notes or other obligations the holders of which must 582
709	696		consent thereto and the manner in which such consent may be given; 583
710	697		(7) limitations on the amount of moneys to be expended by the 584
711	698		authority for operating, administrative or other expenses of the 585
712	699		authority; (8) the vesting in a trustee or trustees of such property, 586
713	700		rights, powers and duties in trust as the authority may determine, 587
714	701		which may include any or all of the rights, powers and duties of any 588
715	702		trustee appointed by the holders of any bonds, notes or other 589
716	703		obligations and limiting or abrogating the right of the holders of any 590
717	704		bonds, notes or other obligations of the authority to appoint a trustee 591
718	705		or limiting the rights, powers and duties of such trustee; (9) provision 592
719	706		for a trust agreement by and between the authority and a corporate 593
720	707		trustee which may be any trust company or bank having the powers of 594
721	708		a trust company within or without the state, which agreement may 595
722	709		provide for the pledging or assigning of any assets or income from 596
723		-	assets to which or in which the authority has any ~~right~~ or interest, and 597
	710	+	assets to which or in which the authority has any rights or interest, and 597
724	711		may further provide for such other rights and remedies exercisable by 598
725	712		the trustee as may be proper for the protection of the holders of any 599
726		-	bonds, notes or other obligations of the authority and not otherwise in 600 ~~Substitute~~ Bill No. 7209
	713	+	bonds, notes or other obligations of the authority and not otherwise in 600 Raised Bill No. 7209
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	716	+
	717	+	LCO No. 4409 20 of 29
732	718
733	719		violation of law. Such agreement may provide for the restriction of the 601
734	720		rights of any individual holder of bonds, notes or other obligations of 602
735	721		the authority. All expenses incurred in carrying out the provisions of 603
736	722		such trust agreement may be treated as a part of the cost of operation 604
737	723		of the authority. The trust agreement may contain any further 605
738	724		provisions which are reasonable to delineate further the respective 606
739	725		rights, duties, safeguards, responsibilities and liabilities of the 607
740	726		authority, individual and collective holders of bonds, notes and other 608
741	727		obligations of the authority and the trustees; (10) covenants to do or 609
742	728		refrain from doing such acts and things as may be necessary or 610
743	729		convenient or desirable in order to better secure any bonds, notes or 611
744	730		other obligations of the authority, or which, in the discretion of the 612
745	731		authority, will tend to make any bonds, notes or other obligations to be 613
746	732		issued more marketable, notwithstanding that such covenants, acts or 614
747	733		things may not be enumerated herein; and (11) any other matters of 615
748	734		like or different character, which in any way affect the security or 616
749	735		protection of the bonds, notes or other obligations. 617
750	736		(i) Any pledge made by the authority of income, revenues or other 618
751	737		property shall be valid and binding from the time the pledge is made. 619
752	738		The income, revenue, such state taxes as the authority shall be entitled 620
753	739		to receive or other property so pledged and thereafter received by the 621
754	740		authority shall immediately be subject to the lien of such pledge 622
755	741		without any physical delivery thereof or further act, and the lien of any 623
756	742		such pledge shall be valid and binding as against all parties having 624
757	743		claims of any kind in tort, contract or otherwise against the authority, 625
758	744		irrespective of whether such parties have notice thereof. 626
759	745		(j) The board of directors of the authority is authorized and 627
760	746		empowered to obtain from any department, agency or instrumentality 628
761	747		of the United States any insurance or guarantee as to, or of or for the 629
762	748		payment or repayment of, interest or principal or both, or any part 630
763	749		thereof, on any bonds, notes or other obligations issued by the 631
764	750		authority pursuant to the provisions of this section and, 632
765		-	notwithstanding any other provisions of sections 2 to 12, inclusive, of 633 Substitute Bill No. 7209
	751	+	notwithstanding any other provisions of sections 2 to 12, inclusive, of 633
	752	+	this act, to enter into any agreement, contract or any other instrument 634 Raised Bill No. 7209
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771	755
772		-	this act, to enter into any agreement, contract or any other instrument 634
	756	+	LCO No. 4409 21 of 29
	757	+
773	758		whatsoever with respect to any such insurance or guarantee except to 635
774	759		the extent that such action would in any way impair or interfere with 636
775	760		the authority's ability to perform and fulfill the terms of any agreement 637
776	761		made with the holders of the bonds, bond anticipation notes or other 638
777	762		obligations of the authority. 639
778	763		(k) Neither the members of the board of directors of the authority 640
779	764		nor any person executing bonds, notes or other obligations of the 641
780	765		authority issued pursuant to this section shall be liable personally on 642
781	766		such bonds, notes or other obligations or be subject to any personal 643
782	767		liability or accountability by reason of the issuance thereof, nor shall 644
783	768		any director, officer or employee of the authority be personally liable 645
784	769		for damage or injury caused in the performance of such director, 646
785	770		officer or employee's duties and within the scope of employment or 647
786	771		appointment as such director, officer or employee, provided the 648
787	772		conduct of such director, officer or employee was found not to have 649
788	773		been wanton, reckless, wilful or malicious. The authority shall protect, 650
789	774		save harmless and indemnify its directors, officers or employees from 651
790	775		financial loss and expense, including legal fees and costs, if any, arising 652
791	776		out of any claim, demand, suit or judgment by reason of alleged 653
792	777		negligence or alleged deprivation of any person's civil rights or any 654
793	778		other act or omission resulting in damage or injury, if the director, 655
794	779		officer or employee is found to have been acting in the discharge of his 656
795	780		or her duties or within the scope of his or her employment and such 657
796	781		act or omission is found not to have been wanton, reckless, wilful or 658
797	782		malicious. 659
798	783		(l) The board of directors of the authority shall have power to 660
799	784		purchase bonds, notes or other obligations of the authority out of any 661
800	785		funds available for such purpose. The authority may hold, cancel or 662
801	786		resell such bonds, notes or other obligations subject to and in 663
802	787		accordance with agreements with holders of its bonds, notes and other 664
803	788		obligations. 665
804		-	(m) All moneys received pursuant to the authority of this section, 666 Substitute Bill No. 7209
	789	+	(m) All moneys received pursuant to the authority of this section, 666
	790	+	whether as proceeds from the sale of bonds or as revenues, shall be 667 Raised Bill No. 7209
805	791
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810	793
811		-	whether as proceeds from the sale of bonds or as revenues, shall be 667
	794	+	LCO No. 4409 22 of 29
	795	+
812	796		deemed to be trust funds to be held and applied solely as provided in 668
813	797		this section. Any officer with whom, or any bank or trust company 669
814	798		with which, such moneys shall be deposited shall act as trustee of such 670
815	799		moneys and shall hold and apply the same for the purposes of section 671
816	800		3 of this act, and the resolution authorizing the bonds of any issue or 672
817	801		the trust agreement securing such bonds may provide. 673
818	802		(n) Any holder of bonds, notes or other obligations issued under the 674
819	803		provisions of this section, and the trustee or trustees under any trust 675
820	804		agreement, except to the extent the rights herein given may be 676
821	805		restricted by any resolution authorizing the issuance of or any such 677
822	806		trust agreement securing such bonds, may, either at law or in equity, 678
823	807		by suit, action, mandamus or other proceeding, protect and enforce 679
824	808		any and all rights under the laws of the state or granted under this 680
825	809		section or under such resolution or trust agreement and may enforce 681
826	810		and compel the performance of all duties required by this section or by 682
827	811		such resolution or trust agreement to be performed by the authority or 683
828	812		by any officer, employee or agent of the authority, including the fixing, 684
829	813		charging and collecting of the rates, rents, fees and charges herein 685
830	814		authorized and required by the provisions of such resolution or trust 686
831	815		agreement to be fixed, established and collected. 687
832	816		(o) The authority may make representations and agreements for the 688
833	817		benefit of the holders of any bonds, notes or other obligations of the 689
834	818		state which are necessary or appropriate to ensure the exclusion from 690
835	819		gross income for federal income tax purposes of interest on bonds, 691
836	820		notes or other obligations of the state from taxation under the Internal 692
837	821		Revenue Code of 1986 or any subsequent corresponding internal 693
838	822		revenue code of the United States, as amended from time to time, 694
839	823		including agreement to pay rebates to the federal government of 695
840	824		investment earnings derived from the investment of the proceeds of 696
841	825		the bonds, notes or other obligations of the authority. Any such 697
842	826		agreement may include: (1) A covenant to pay rebates to the federal 698
843		-	government of investment earnings derived from the investment of the 699 Substitute Bill No. 7209
	827	+	government of investment earnings derived from the investment of the 699
	828	+	proceeds of the bonds, notes or other obligations of the authority; (2) a 700
	829	+	covenant that the authority will not limit or alter its rebate obligations 701 Raised Bill No. 7209
844	830
845	831
846		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
847		-	R01-HB.docx }
848		-	23 of 29
849	832
850		-	~~proceeds~~ of ~~the bonds, notes or other obligations of the authority; (2) a 700~~
851		-	~~covenant that the authority will not limit or alter its rebate obligations 701~~
	833	+	LCO No. 4409 23 of 29
	834	+
852	835		until its obligations to the holders or owners of such bonds, notes or 702
853	836		other obligations are finally met and discharged; and (3) provisions to 703
854	837		(A) establish trust and other accounts which may be appropriate to 704
855	838		carry out such representations and agreements, (B) retain fiscal agents 705
856	839		as depositories for such funds and accounts, and (C) provide that such 706
857	840		fiscal agents may act as trustee of such funds and accounts. 707
858	841		Sec. 9. (NEW) (Effective October 1, 2019) The state of Connecticut 708
859	842		does hereby pledge to and agree with the holders of any bonds, notes 709
860	843		and other obligations issued under section 8 of this act and with those 710
861	844		parties who may enter into contracts with the Connecticut Municipal 711
862	845		Redevelopment Authority or its successor agency, that the state will 712
863	846		not limit or alter the rights hereby vested in the authority or in the 713
864	847		holders of any bonds, notes or other obligations of the authority to 714
865	848		which contract assistance is pledged pursuant to this section until such 715
866	849		bonds, notes or obligations, together with the interest thereon, are fully 716
867	850		met and discharged and such contracts are fully performed on the part 717
868	851		of the authority, provided nothing contained herein shall preclude 718
869	852		such limitation or alteration if and when adequate provision shall be 719
870	853		made by law for the protection of the holders of such bonds, notes and 720
871	854		other obligations of the authority or those entering into contracts with 721
872	855		the authority. The authority is authorized to include this pledge and 722
873	856		undertaking for the state in such bonds, notes and other obligations or 723
874	857		contracts. 724
875	858		Sec. 10. (NEW) (Effective October 1, 2019) The state shall protect, save 725
876	859		harmless and indemnify the Connecticut Municipal Redevelopment 726
877	860		Authority and its directors, officers and employees from financial loss 727
878	861		and expenses, including legal fees and costs, if any, arising out of any 728
879	862		claim, demand, suit or judgment based upon any alleged act or 729
880	863		omission of the authority or any such director, officer or employee in 730
881	864		connection with, or any other legal challenge to, au thority 731
882		-	development projects within a Connecticut Municipal Redevelopment 732 Substitute Bill No. 7209
	865	+	development projects within a Connecticut Municipal Redevelopment 732
	866	+	Authority development district, provided any such director, officer or 733
	867	+	employee is found to have been acting in the discharge of such 734
	868	+	director, officer or employee's duties or within the scope of such 735 Raised Bill No. 7209
883	869
884	870
885		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
886		-	R01-HB.docx }
887		-	24 of 29
888	871
889		-	Authority development district, provided any such director, officer or 733
890		-	employee is found to have been acting in the discharge of such 734
891		-	director, officer or employee's duties or within the scope of such 735
	872	+	LCO No. 4409 24 of 29
	873	+
892	874		director, officer or employee's employment and any such act or 736
893	875		omission is found not to have been wanton, reckless, wilful or 737
894	876		malicious. 738
895	877		Sec. 11. (NEW) (Effective October 1, 2019) (a) For the purposes of this 739
896	878		section, "economic development master plan" means (1) a 740
897	879		comprehensive economic development plan that is designed to 741
898	880		increase the tax base of the municipality to a level that will allow the 742
899	881		municipality to provide an adequate level of municipal services, or (2) 743
900	882		a comprehensive economic development plan developed pursuant to 744
901	883		section 7-578 of the general statutes. 745
902	884		(b) Prior to execution of a memorandum of agreement between the 746
903		-	authority and the chief executive ~~officer~~ of a member municipality 747
	885	+	authority and the chief executive office of a member municipality 747
904	886		establishing a development district, the member municipality shall 748
905	887		develop an economic development master plan and submit such plan 749
906	888		for the authority's review and approval. Each member municipality 750
907	889		shall provide for community and stakeholder input and a public 751
908	890		comment process in the development of its economic development 752
909	891		master plan, and such plan shall be approved by the legislative body 753
910	892		of such municipality. 754
911	893		(c) In determining whether to approve a member municipality's 755
912	894		economic development master plan, the authority shall consider 756
913	895		whether such plan includes a clear and feasible path toward achieving 757
914	896		as many of the purposes of the authority, as set forth in subsection (a) 758
915	897		of section 3 of this act, as practical and appropriate in the context of the 759
916	898		unique characteristics of such member municipality. The authority 760
917	899		shall offer support to such member municipality in creating the 761
918	900		economic development master plan, if requested by such member 762
919	901		municipality. 763
920		-	(d) Any authority development project that receives support from 764 Substitute Bill No. 7209
	902	+	(d) Any authority development project that receives support from 764
	903	+	the authority shall be consistent with (1) the economic development 765
	904	+	master plan of the member municipality in which such project is 766
	905	+	located, (2) the plan of conservation and development, adopted under 767 Raised Bill No. 7209
921	906
922	907
923		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
924		-	R01-HB.docx }
925		-	25 of 29
926	908
927		-	the authority shall be consistent with (1) the economic development 765
928		-	master plan of the member municipality in which such project is 766
929		-	located, (2) the plan of conservation and development, adopted under 767
	909	+	LCO No. 4409 25 of 29
	910	+
930	911		section 8-23 of the general statutes, of the member municipality in 768
931	912		which such project is located, and (3) the Comprehensive Economic 769
932	913		Development Strategy prepared under section 32-742 of the general 770
933	914		statutes. 771
934	915		Sec. 12. (NEW) (Effective October 1, 2019) The authority and member 772
935	916		municipalities shall encourage businesses, as appropriate, to hire local 773
936	917		employees. Any business that receives financial assistance from the 774
937	918		authority shall enter into an agreement with the Workforce Training 775
938		-	Authority established ~~pursuant to section 31-11ii of~~ the ~~general statutes~~ 776
939		-	~~for assistance with the~~ training and recruitment of workers. 777
	919	+	Authority established in public act 17-207 for assistance with the 776
	920	+	training and recruitment of workers. 777
940	921		Sec. 13. Subdivision (12) of section 1-79 of the general statutes is 778
941	922		repealed and the following is substituted in lieu thereof (Effective 779
942	923		October 1, 2019): 780
943	924		(12) "Quasi-public agency" means Connecticut Innovations, 781
944	925		Incorporated, the Connecticut Health and Education Facilities 782
945	926		Authority, the Connecticut Higher Education Supplemental Loan 783
946	927		Authority, the Connecticut Student Loan Foundation, the Connecticut 784
947	928		Housing Finance Authority, the State Housing Authority, the Materials 785
948	929		Innovation and Recycling Authority, the Capital Region Development 786
949	930		Authority, the Connecticut Lottery Corporation, the Connecticut 787
950	931		Airport Authority, the Connecticut Health Insurance Exchange, the 788
951	932		Connecticut Green Bank, the Connecticut Retirement Security 789
952	933		Authority, the Connecticut Port Authority, the Connecticut Municipal 790
953	934		Redevelopment Authority and the State Education Resource Center. 791
954	935		Sec. 14. Subdivision (1) of section 1-120 of the general statutes is 792
955	936		repealed and the following is substituted in lieu thereof (Effective 793
956	937		October 1, 2019): 794
957		-	(1) "Quasi-public agency" means Connecticut Innovations, 795 Substitute Bill No. 7209
958		-
959		-
960		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
961		-	R01-HB.docx }
962		-	26 of 29
963		-
	938	+	(1) "Quasi-public agency" means Connecticut Innovations, 795
964	939		Incorporated, the Connecticut Health and Educational Facilities 796
965	940		Authority, the Connecticut Higher Education Supplemental Loan 797
966	941		Authority, the Connecticut Student Loan Foundation, the Connecticut 798
967		-	Housing Finance Authority, the Connecticut Housing Authority, the 799
	942	+	Housing Finance Authority, the Connecticut Housing Authority, the 799 Raised Bill No. 7209
	943	+
	944	+
	945	+
	946	+	LCO No. 4409 26 of 29
	947	+
968	948		Materials Innovation and Recycling Authority, the Capital Region 800
969	949		Development Authority, the Connecticut Lottery Corporation, the 801
970	950		Connecticut Airport Authority, the Connecticut Health Insurance 802
971	951		Exchange, the Connecticut Green Bank, the Connecticut Retirement 803
972	952		Security Authority, the Connecticut Port Authority, the Connecticut 804
973	953		Municipal Redevelopment Authority and the State Education Resource 805
974	954		Center. 806
975	955		Sec. 15. Section 1-124 of the general statutes is repealed and the 807
976	956		following is substituted in lieu thereof (Effective October 1, 2019): 808
977	957		(a) Connecticut Innovations, Incorporated, the Connecticut Health 809
978	958		and Educational Facilities Authority, the Connecticut Higher 810
979	959		Education Supplemental Loan Authority, the Connecticut Student 811
980	960		Loan Foundation, the Connecticut Housing Finance Authority, the 812
981	961		Connecticut Housing Authority, the Materials Innovation and 813
982	962		Recycling Authority, the Connecticut Airport Authority, the Capital 814
983	963		Region Development Authority, the Connecticut Health Insurance 815
984	964		Exchange, the Connecticut Green Bank, the Connecticut Retirement 816
985	965		Security Authority, the Connecticut Port Authority, the Connecticut 817
986	966		Municipal Redevelopment Authority and the State Education Resource 818
987	967		Center shall not borrow any money or issue any bonds or notes which 819
988	968		are guaranteed by the state of Connecticut or for which there is a 820
989	969		capital reserve fund of any kind which is in any way contributed to or 821
990	970		guaranteed by the state of Connecticut until and unless such 822
991	971		borrowing or issuance is approved by the State Treasurer or the 823
992	972		Deputy State Treasurer appointed pursuant to section 3-12. The 824
993	973		approval of the State Treasurer or said deputy shall be based on 825
994	974		documentation provided by the authority that it has sufficient 826
995	975		revenues to (1) pay the principal of and interest on the bonds and notes 827
996		-	issued, (2) establish, increase and maintain any reserves deemed by the 828 Substitute Bill No. 7209
997		-
998		-
999		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
1000		-	R01-HB.docx }
1001		-	27 of 29
1002		-
	976	+	issued, (2) establish, increase and maintain any reserves deemed by the 828
1003	977		authority to be advisable to secure the payment of the principal of and 829
1004	978		interest on such bonds and notes, (3) pay the cost of maintaining, 830
1005	979		servicing and properly insuring the purpose for which the proceeds of 831
1006	980		the bonds and notes have been issued, if applicable, and (4) pay such 832
1007		-	other costs as may be required. 833
	981	+	other costs as may be required. 833 Raised Bill No. 7209
	982	+
	983	+
	984	+
	985	+	LCO No. 4409 27 of 29
	986	+
1008	987		(b) To the extent Connecticut Innovations, Incorporated, the 834
1009	988		Connecticut Higher Education Supplemental Loan Authority, the 835
1010	989		Connecticut Student Loan Foundation, the Connecticut Housing 836
1011	990		Finance Authority, the Connecticut Housing Authority, the Materials 837
1012	991		Innovation and Recycling Authority, the Connecticut Health and 838
1013	992		Educational Facilities Authority, the Connecticut Airport Authority, 839
1014	993		the Capital Region Development Authority, the Connecticut Health 840
1015	994		Insurance Exchange, the Connecticut Green Bank, the Connecticut 841
1016	995		Retirement Security Authority, the Connecticut Port Authority, the 842
1017	996		Connecticut Municipal Redevelopment Authority or the State 843
1018	997		Education Resource Center is permitted by statute and determines to 844
1019	998		exercise any power to moderate interest rate fluctuations or enter into 845
1020	999		any investment or program of investment or contract respecting 846
1021	1000		interest rates, currency, cash flow or other similar agreement, 847
1022	1001		including, but not limited to, interest rate or currency swap 848
1023	1002		agreements, the effect of which is to subject a capital reserve fund 849
1024	1003		which is in any way contributed to or guaranteed by the state of 850
1025	1004		Connecticut, to potential liability, such determination shall not be 851
1026	1005		effective until and unless the State Treasurer or his or her deputy 852
1027	1006		appointed pursuant to section 3-12 has approved such agreement or 853
1028	1007		agreements. The approval of the State Treasurer or his or her deputy 854
1029	1008		shall be based on documentation provided by the authority that it has 855
1030	1009		sufficient revenues to meet the financial obligations associated with the 856
1031	1010		agreement or agreements. 857
1032	1011		Sec. 16. Section 1-125 of the general statutes is repealed and the 858
1033	1012		following is substituted in lieu thereof (Effective October 1, 2019): 859
1034	1013		The directors, officers and employees of Connecticut Innovations, 860
1035		-	Incorporated, the Connecticut Higher Education Supplemental Loan 861 Substitute Bill No. 7209
1036		-
1037		-
1038		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
1039		-	R01-HB.docx }
1040		-	28 of 29
1041		-
	1014	+	Incorporated, the Connecticut Higher Education Supplemental Loan 861
1042	1015		Authority, the Connecticut Student Loan Foundation, the Connecticut 862
1043	1016		Housing Finance Authority, the Connecticut Housing Authority, the 863
1044	1017		Materials Innovation and Recycling Authority, including ad hoc 864
1045	1018		members of the Materials Innovation and Recycling Authority, the 865
1046	1019		Connecticut Health and Educational Facilities Authority, the Capital 866
1047		-	Region Development Authority, the Connecticut Airport Authority, 867
	1020	+	Region Development Authority, the Connecticut Airport Authority, 867 Raised Bill No. 7209
	1021	+
	1022	+
	1023	+
	1024	+	LCO No. 4409 28 of 29
	1025	+
1048	1026		the Connecticut Lottery Corporation, the Connecticut Health Insurance 868
1049	1027		Exchange, the Connecticut Green Bank, the Connecticut Retirement 869
1050	1028		Security Authority, the Connecticut Port Authority, the Connecticut 870
1051	1029		Municipal Redevelopment Authority and the State Education Resource 871
1052	1030		Center and any person executing the bonds or notes of the agency shall 872
1053	1031		not be liable personally on such bonds or notes or be subject to any 873
1054	1032		personal liability or accountability by reason of the issuance thereof, 874
1055	1033		nor shall any director or employee of the agency, including ad hoc 875
1056	1034		members of the Materials Innovation and Recycling Authority, be 876
1057	1035		personally liable for damage or injury, not wanton, reckless, wilful or 877
1058	1036		malicious, caused in the performance of his or her duties and within 878
1059	1037		the scope of his or her employment or appointment as such director, 879
1060	1038		officer or employee, including ad hoc members of the Materials 880
1061	1039		Innovation and Recycling Authority. The agency shall protect, save 881
1062	1040		harmless and indemnify its directors, officers or employees, including 882
1063	1041		ad hoc members of the Materials Innovation and Recycling Authority, 883
1064	1042		from financial loss and expense, including legal fees and costs, if any, 884
1065	1043		arising out of any claim, demand, suit or judgment by reason of 885
1066	1044		alleged negligence or alleged deprivation of any person's civil rights or 886
1067	1045		any other act or omission resulting in damage or injury, if the director, 887
1068	1046		officer or employee, including ad hoc members of the Materials 888
1069	1047		Innovation and Recycling Authority, is found to have been acting in 889
1070	1048		the discharge of his or her duties or within the scope of his or her 890
1071	1049		employment and such act or omission is found not to have been 891
1072	1050		wanton, reckless, wilful or malicious. 892
1073	1051		This act shall take effect as follows and shall amend the following
1074	1052		sections:
1075		-	Substitute Bill No. 7209
1076		-
1077		-
1078		-	LCO {\\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07209-
1079		-	R01-HB.docx }
1080		-	29 of 29
1081	1053
1082	1054		Section 1 October 1, 2019 New section
1083	1055		Sec. 2 October 1, 2019 New section
1084	1056		Sec. 3 October 1, 2019 New section
1085	1057		Sec. 4 October 1, 2019 New section
1086	1058		Sec. 5 October 1, 2019 New section
1087	1059		Sec. 6 October 1, 2019 New section
1088	1060		Sec. 7 October 1, 2019 New section
1089		-	Sec. 8 October 1, 2019 New section
	1061	+	Sec. 8 October 1, 2019 New section Raised Bill No. 7209
	1062	+
	1063	+
	1064	+
	1065	+	LCO No. 4409 29 of 29
	1066	+
1090	1067		Sec. 9 October 1, 2019 New section
1091	1068		Sec. 10 October 1, 2019 New section
1092	1069		Sec. 11 October 1, 2019 New section
1093	1070		Sec. 12 October 1, 2019 New section
1094	1071		Sec. 13 October 1, 2019 1-79(12)
1095	1072		Sec. 14 October 1, 2019 1-120(1)
1096	1073		Sec. 15 October 1, 2019 1-124
1097	1074		Sec. 16 October 1, 2019 1-125
1098	1075
1099		-	Statement of Legislative Commissioners:
1100		-	In Section 2(d), "article XI, section 1, of the state Constitution" was
1101		-	changed to "section 1 of article eleventh of the Constitution of the state"
1102		-	for consistency; in Section 3, "memorandum of understanding" was
1103		-	changed to "memorandum of agreement" for consistency, and the
1104		-	provisions of Subsec. (b)(6) were restructured for clarity and grammar;
1105		-	in Section 7(b), "the date ninety days from" was changed to "the
1106		-	ninetieth day after" for clarity; in Section 11(b), "chief executive office"
1107		-	was changed to "chief executive officer" for accuracy; and in Section 12,
1108		-	"in public act 17-207" was changed to "pursuant to section 31-11ii of the
1109		-	general statutes" for accuracy.
1110		-
1111		-	PD Joint Favorable Subst. -LCO
	1076	+	Statement of Purpose:
	1077	+	To create the Connecticut Municipal Redevelopment Authority.
	1078	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
	1079	+	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
	1080	+	not underlined.]
1112	1081