Researcher: SL Page 1 5/4/23 OLR Bill Analysis sSB 1092 (File 297, as amended by Senate "A")* AN ACT CONCERNING THE ACQUISITION AND CONVEYANCE OF CERTAIN PROPERTIES BY CONNECTICUT BROWNFIELD LAND BANKS. SUMMARY This bill authorizes Connecticut brownfield land banks (CBLBs) to enter into land banking agreements with regional councils of governments (COGs) to acquire, retain, remediate, and sell property in a COG’s planning region. Under current law, CBLBs may only enter into land banking agreements with municipalities, and the agreements are required for CBLBs to acquire brownfield sites or adjacent properties. The bill makes corresponding changes in state law to treat COGs the same as municipalities under the current CBLB law. These changes do the following: 1. allow a CBLB to acquire brownfield sites or adjacent properties identified in the land banking agreement with the COG; 2. require the COG’s approval before the CBLB conveys, exchanges, transfers, or sells the property; 3. allow CBLBs to enter into contracts and agreements with COGs to provide staffing to the CBLB; and 4. allow CBLBs to get grant funds or borrow from COGs for the CBLB’s operations. Under current law, a CBLB’s purposes also include (1) acquiring, retaining, remediating, and selling brownfields to benefit municipalities and (2) educating government officials, community leaders, economic development agencies, and nonprofit organizations on best practices for redeveloping brownfields. 2023SB-01092-R01-BA.DOCX Researcher: SL Page 2 5/4/23 * Senate Amendment “A” removes the requirement that land banks, when acquiring, retaining, remediating, or selling brownfields under an agreement with a COG, do so for the purpose of enhancing rivers’ aquatic life and environmental quality. EFFECTIVE DATE: July 1, 2023 COMMITTEE ACTION Commerce Committee Joint Favorable Substitute Yea 23 Nay 1 (03/14/2023)