Connecticut Senate Bill SB00071

Connecticut 2019 Regular Session

• Introduced: 1/17/19
• Refer: 1/17/19

Caption

An Act Studying The Establishment Of A Northeast Regional Infrastructure Bank.

Impact

The potential establishment of a Northeast Regional Infrastructure Bank could have significant implications for state laws concerning infrastructure investment and funding. By examining collaborative efforts among states, this bill could lead to better resource allocation and improved transportation systems. This infrastructure bank may serve as a financial mechanism that bolsters investments beyond what individual states could achieve alone.

Summary

SB00071, also known as the Act Studying the Establishment of a Northeast Regional Infrastructure Bank, proposes the need for a comprehensive study conducted by the Department of Transportation. This bill aims to evaluate the feasibility of creating a regional bank that would collaborate with the transportation departments of northeastern states, including Massachusetts, New Jersey, New York, and Rhode Island. The intent behind this initiative is to enhance transportation infrastructure funding and improve regional collaboration.

Contention

While the bill is rooted in a forward-thinking approach to regional infrastructure financing, there may be contentious points regarding the organizational structure and governance of the proposed bank. Stakeholders may debate the representation of smaller states or regions within the governance framework, raising concerns about equitable access to funding. Additionally, discussions may arise about the types of projects that the bank would prioritize, as well as the distribution of funding among participating states.