LCO No. 1774 1 of 1
General Assembly Proposed Bill No. 6054
January Session, 2021
LCO No. 1774
Referred to Committee on TRANSPORTATION
Introduced by:
REP. ARORA, 151
st Dist.
AN ACT CONCERNING THE PRIVATIZATION OF NONSTRATEGIC
ASSETS TO PAY DOWN DEBT IN THE SPECIAL TRANSPORTATION
FUND.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to create a privatization office 1
to (1) identify nonstrategic income-producing assets in the state's 2
transportation portfolio, such as parking lots, train stations, bus stops 3
and moving advertisement systems, and consolidate and prepare such 4
assets for privatization, (2) target three hundred to five hundred million 5
dollars a year in annual privatizations when the state receives 6
appropriate valuation for such assets, and (3) draft a five-year plan to 7
pay down the debt in the Special Transportation Fund through a 8
privatization program. 9
Statement of Purpose:
To pay down the debt in the Special Transportation Fund by privatizing
nonstrategic assets.