O F F I C E O F L E G I S L A T I V E R E S E A R C H P U B L I C A C T S U M M A R Y Page 1 PA 23-58—sSB 1092 Commerce Committee AN ACT CONCERNING TH E ACQUISITION AND CO NVEYANCE OF CERTAIN PROPERTIES B Y CONNECTICUT BROWNF IELD LAND BANKS SUMMARY: This act 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 prior law, CBLBs could only enter into land banking agreements with municipalities. The act makes corresponding changes in CBLB laws to generally treat COGs the same as municipalities. Specifically, these changes allow CBLBs to: 1. acquire brownfield sites or nearby properties identified in a land banking agreement with a COG that represents the municipality where the property is located (or convey, exchange, transfer, or sell a property with the COG’s approval and pursuant to the terms of the agreement); 2. enter into contracts and agreements with COGs, for COGs to provide staffing to the CBLB, or vice versa; and 3. get grant funds or borrow from COGs for the CBLB’s operations. Under existing law, unchanged by the act, 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. EFFECTIVE DATE: July 1, 2023