18 | | - | (a) [The] For the purposes described in subsection (b) of this section, 3 |
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19 | | - | the State Bond Commission shall have the power from time to time to 4 |
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20 | | - | authorize the issuance of bonds of the state [, in accordance with the 5 |
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21 | | - | provisions of section 3-20 of the general statutes,] in one or more series 6 |
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22 | | - | and in principal amounts not exceeding in the aggregate twenty million 7 |
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23 | | - | dollars for the Connecticut Port Authority established pursuant to 8 |
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24 | | - | section 15-31a of the general statutes. [The amount authorized for the 9 |
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25 | | - | issuance and sale of such bonds in each of the following fiscal years shall 10 |
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26 | | - | not exceed the following corresponding amount for each such fiscal 11 |
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27 | | - | year, provided, to the extent the authority does not provide for the use 12 |
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28 | | - | of all or a portion of such amount in any such fiscal year, such amount 13 |
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29 | | - | not provided for shall be carried forward and added to the authorized 14 |
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30 | | - | amount for the next succeeding fiscal year, and, provided further, the 15 |
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31 | | - | costs of issuance and capitalized interest, if any, may be added to the 16 |
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32 | | - | capped amount in each fiscal year, and each of the authorized amounts 17 |
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33 | | - | shall be effective on July first of the fiscal year indicated as follows: 18 |
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34 | | - | Substitute Bill No. 1242 |
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| 25 | + | (a) The State Bond Commission shall authorize the issuance of bonds 3 |
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| 26 | + | of the state, in accordance with the provisions of section 3-20 of the 4 |
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| 27 | + | general statutes, in principal amounts not exceeding in the aggregate 5 |
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| 28 | + | twenty million dollars for the Connecticut Port Authority established 6 |
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| 29 | + | pursuant to section 15-31a of the general statutes. [The amount 7 |
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| 30 | + | authorized for the issuance and sale of such bonds in each of the 8 |
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| 31 | + | following fiscal years shall not exceed the following corresponding 9 |
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| 32 | + | amount for each such fiscal year, provided, to the extent the authority 10 |
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| 33 | + | does not provide for the use of all or a portion of such amount in any 11 |
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| 34 | + | such fiscal year, such amount not provided for shall be carried forward 12 |
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| 35 | + | and added to the authorized amount for the next succeeding fiscal year, 13 |
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| 36 | + | and, provided further, the costs of issuance and capitalized interest, if 14 |
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| 37 | + | any, may be added to the capped amount in each fiscal year, and each 15 |
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| 38 | + | of the authorized amounts shall be effective on July first of the fiscal year 16 |
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| 39 | + | Raised Bill No. 1242 |
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57 | | - | (b) [The State Bond Commission shall approve a memorandum of 19 |
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58 | | - | understanding between the Connecticut Port Authority and the state, 20 |
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59 | | - | acting by and through the Secretary of the Office of Policy and 21 |
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60 | | - | Management and the Treasurer, providing for the issuance of said 22 |
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61 | | - | bonds for the purposes of projects undertaken by the Connecticut Port 23 |
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62 | | - | Authority regarding ports not located in the towns of New Haven, New 24 |
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63 | | - | London or Bridgeport, including provisions regarding the extent to 25 |
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64 | | - | which federal, private or other moneys then available or thereafter to be 26 |
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65 | | - | made available for costs should be added to the proceeds of the bonds 27 |
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66 | | - | authorized pursuant to this section for such projects. The memorandum 28 |
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67 | | - | of understanding shall be deemed to satisfy the provisions of section 3-29 |
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68 | | - | 20 of the general statutes and the exercise of any right or power granted 30 |
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69 | | - | thereby that is not inconsistent with the provisions of this section.] The 31 |
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70 | | - | proceeds of the sale of such bonds, to the extent of the amount stated in 32 |
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71 | | - | subsection (a) of this section, shall be deposited into the small harbor 33 |
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72 | | - | improvement projects account, established pursuant to section 13b-55d, 34 |
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73 | | - | as amended by this act. 35 |
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74 | | - | (c) All provisions of section 3-20 of the general statutes, or the exercise 36 |
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75 | | - | of any right or power granted thereby, that are not inconsistent with the 37 |
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76 | | - | provisions of this section are hereby adopted and shall apply to all 38 |
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77 | | - | bonds authorized by the State Bond Commission pursuant to this 39 |
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78 | | - | section. Temporary notes in anticipation of the money to be derived 40 Substitute Bill No. 1242 |
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| 65 | + | (b) [The State Bond Commission shall approve a memorandum of 18 |
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| 66 | + | understanding between the Connecticut Port Authority and the state, 19 |
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| 67 | + | acting by and through the Secretary of the Office of Policy and 20 |
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| 68 | + | Management and the Treasurer, providing for the issuance of said 21 |
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| 69 | + | bonds for the purposes of projects undertaken by the Connecticut Port 22 |
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| 70 | + | Authority regarding ports not located in the towns of New Haven, New 23 |
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| 71 | + | London or Bridgeport, including provisions regarding the extent to 24 |
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| 72 | + | which federal, private or other moneys then available or thereafter to be 25 |
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| 73 | + | made available for costs should be added to the proceeds of the bonds 26 |
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| 74 | + | authorized pursuant to this section for such projects. The memorandum 27 |
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| 75 | + | of understanding shall be deemed to satisfy the provisions of section 3-28 |
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| 76 | + | 20 of the general statutes and the exercise of any right or power granted 29 |
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| 77 | + | thereby that is not inconsistent with the provisions of this section.] The 30 |
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| 78 | + | proceeds of the sale of such bonds, to the extent of the amount stated in 31 |
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| 79 | + | subsection (a) of this section, shall be deposited into the small harbor 32 |
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| 80 | + | improvement projects account, established pursuant to section 13b-55d 33 |
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| 81 | + | of the general statutes, as amended by this act. 34 |
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| 82 | + | (c) All provisions of section 3-20 of the general statutes, or the exercise 35 |
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| 83 | + | of any right or power granted thereby, that are not inconsistent with the 36 |
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| 84 | + | Raised Bill No. 1242 |
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83 | | - | from the sale of any such bonds so authorized may be issued in 41 |
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84 | | - | accordance with said section, and from time to time renewed. All bonds 42 |
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85 | | - | issued pursuant to this section shall be general obligations of the state 43 |
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86 | | - | and the full faith and credit of the state of Connecticut are pledged for 44 |
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87 | | - | the payment of the principal of and interest on said bonds as the same 45 |
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88 | | - | become due, and accordingly and as part of the contract of the state with 46 |
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89 | | - | the holders of said bonds, appropriation of all amounts necessary for 47 |
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90 | | - | punctual payment of such principal and interest is hereby made, and 48 |
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91 | | - | the Treasurer shall pay such principal and interest as the same become 49 |
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92 | | - | due. 50 |
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93 | | - | [(d) Subject to the amount of limitations of the capping provisions in 51 |
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94 | | - | subsection (a) of this section, the principal amount of the bonds 52 |
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95 | | - | authorized under this section shall be deemed to be an appropriation 53 |
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96 | | - | and allocation of such amount, and such approval of such request shall 54 |
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97 | | - | be deemed the allotment by the Governor of such capital outlays within 55 |
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98 | | - | the meaning of section 4-85 of the general statutes.] 56 |
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99 | | - | Sec. 2. Section 13b-55d of the general statutes is repealed and the 57 |
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100 | | - | following is substituted in lieu thereof (Effective July 1, 2025): 58 |
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101 | | - | (a) As used in this section, "small harbor" means any harbor in the 59 |
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102 | | - | state not under the authority of the Connecticut Port Authority. 60 |
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103 | | - | (b) The Connecticut Port Authority, established under section 15-31a, 61 |
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104 | | - | shall establish a competitive grant program to be known as the small 62 |
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105 | | - | harbor improvements projects grant program. Such program shall 63 |
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106 | | - | provide funding to municipalities and private entities for small harbor 64 |
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107 | | - | improvement projects for purposes of improving the economy and 65 |
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108 | | - | infrastructure of the state. Such projects may include federal and 66 |
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109 | | - | nonfederal dredging projects in small harbors and private maritime 67 |
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110 | | - | infrastructure projects in small harbors, provided all applicable permits 68 |
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111 | | - | and authorizations are obtained before such private maritime 69 |
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112 | | - | infrastructure projects receive any such grant award. With regard to 70 |
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113 | | - | federal and nonfederal dredging projects, grants may be awarded to (1) 71 |
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114 | | - | support, in full or in part, local and state matching requirements for such 72 Substitute Bill No. 1242 |
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| 88 | + | LCO No. 4381 3 of 5 |
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| 89 | + | |
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| 90 | + | provisions of this section are hereby adopted and shall apply to all 37 |
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| 91 | + | bonds authorized by the State Bond Commission pursuant to this 38 |
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| 92 | + | section. Temporary notes in anticipation of the money to be derived 39 |
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| 93 | + | from the sale of any such bonds so authorized may be issued in 40 |
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| 94 | + | accordance with said section, and from time to time renewed. All bonds 41 |
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| 95 | + | issued pursuant to this section shall be general obligations of the state 42 |
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| 96 | + | and the full faith and credit of the state of Connecticut are pledged for 43 |
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| 97 | + | the payment of the principal of and interest on said bonds as the same 44 |
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| 98 | + | become due, and accordingly and as part of the contract of the state with 45 |
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| 99 | + | the holders of said bonds, appropriation of all amounts necessary for 46 |
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| 100 | + | punctual payment of such principal and interest is hereby made, and 47 |
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| 101 | + | the Treasurer shall pay such principal and interest as the same become 48 |
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| 102 | + | due. 49 |
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| 103 | + | [(d) Subject to the amount of limitations of the capping provisions in 50 |
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| 104 | + | subsection (a) of this section, the principal amount of the bonds 51 |
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| 105 | + | authorized under this section shall be deemed to be an appropriation 52 |
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| 106 | + | and allocation of such amount, and such approval of such request shall 53 |
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| 107 | + | be deemed the allotment by the Governor of such capital outlays within 54 |
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| 108 | + | the meaning of section 4-85 of the general statutes.] 55 |
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| 109 | + | Sec. 2. Section 13b-55d of the general statutes is repealed and the 56 |
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| 110 | + | following is substituted in lieu thereof (Effective July 1, 2025): 57 |
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| 111 | + | (a) As used in this section, "small harbor" means any harbor in the 58 |
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| 112 | + | state not under the authority of the Connecticut Port Authority. 59 |
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| 113 | + | (b) The Connecticut Port Authority shall establish an account to be 60 |
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| 114 | + | known as the "small harbor improvement projects account". There shall 61 |
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| 115 | + | be deposited in the account: (1) The proceeds of notes, bonds or other 62 |
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| 116 | + | obligations issued by the state for the purpose of deposit therein and 63 |
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| 117 | + | used in accordance with the permissible uses thereof; (2) funds 64 |
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| 118 | + | appropriated by the General Assembly for the purpose of deposit 65 |
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| 119 | + | therein and used in accordance with the permissible uses thereof; and 66 |
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| 120 | + | (3) any other funds required or permitted by law to be deposited in the 67 |
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| 121 | + | Raised Bill No. 1242 |
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119 | | - | projects; (2) cover the incremental costs associated with applicable 73 |
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120 | | - | environmental regulatory requirements or management practices, 74 |
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121 | | - | including beneficial use; (3) cover part or all of the costs of such projects 75 |
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122 | | - | in the absence of adequate federal funds; and (4) provide 76 |
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123 | | - | reimbursement for such projects that were approved by the authority 77 |
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124 | | - | for funding or that commenced prior to the disbursement of such funds 78 |
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125 | | - | due to time considerations that impacted the flow of commerce at such 79 |
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126 | | - | small harbor. 80 |
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127 | | - | (c) Applications shall be submitted annually to the Connecticut Port 81 |
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128 | | - | Authority at such times and in such manner as the authority prescribes. 82 |
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129 | | - | The authority shall develop the eligibility criteria for participation in the 83 |
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130 | | - | program and determine the amount a private entity shall be required to 84 |
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131 | | - | provide to match any such grant. The authority shall give preference to 85 |
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132 | | - | applications submitted by a municipality. 86 |
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133 | | - | [(a)] (d) The Connecticut Port Authority shall establish an account to 87 |
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134 | | - | be known as the "small harbor improvement projects account". There 88 |
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135 | | - | shall be deposited in the account: (1) The proceeds of notes, bonds or 89 |
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136 | | - | other obligations issued by the state for the purpose of deposit therein 90 |
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137 | | - | and used in accordance with the permissible uses thereof; (2) funds 91 |
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138 | | - | appropriated by the General Assembly for the purpose of deposit 92 |
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139 | | - | therein and used in accordance with the permissible uses thereof; and 93 |
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140 | | - | (3) any other funds required or permitted by law to be deposited in the 94 |
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141 | | - | account. The funds in said account shall be expended by the authority 95 |
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142 | | - | for the [purposes described in subsection (b) of this section. As used in 96 |
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143 | | - | this section, "small harbor" means any harbor in the state not under the 97 |
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144 | | - | authority of the Connecticut Port Authority. 98 |
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145 | | - | (b) The small harbor improvement projects account may be used (1) 99 |
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146 | | - | for federal and nonfederal dredging projects in small harbors to (A) 100 |
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147 | | - | support, in full or in part, local and state matching requirements for such 101 |
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148 | | - | projects; (B) cover the incremental costs associated with applicable 102 |
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149 | | - | environmental regulatory requirements or management practices, 103 |
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150 | | - | including beneficial use; and (C) cover part or all of the costs of such 104 |
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151 | | - | projects in the absence of adequate federal funds; and (2) to fund private 105 Substitute Bill No. 1242 |
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| 125 | + | LCO No. 4381 4 of 5 |
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| 126 | + | |
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| 127 | + | account. The funds in said account shall be expended by the authority 68 |
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| 128 | + | for the purposes described in subsection [(b)] (c) of this section. [As used 69 |
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| 129 | + | in this section, "small harbor" means any harbor in the state not under 70 |
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| 130 | + | the authority of the Connecticut Port Authority.] 71 |
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| 131 | + | [(b)] (c) The small harbor improvement projects account may be used 72 |
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| 132 | + | (1) for federal and nonfederal dredging projects in small harbors to (A) 73 |
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| 133 | + | support, in full or in part, local and state matching requirements for such 74 |
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| 134 | + | projects; (B) cover the incremental costs associated with applicable 75 |
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| 135 | + | environmental regulatory requirements or management practices, 76 |
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| 136 | + | including beneficial use; and (C) cover part or all of the costs of such 77 |
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| 137 | + | projects in the absence of adequate federal funds; [and] (2) to fund 78 |
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| 138 | + | private maritime infrastructure projects in small harbors, provided all 79 |
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| 139 | + | applicable permits and authorizations are obtained before such private 80 |
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| 140 | + | maritime infrastructure projects receive any such funding; and (3) to 81 |
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| 141 | + | provide reimbursement for dredging projects that were approved by the 82 |
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| 142 | + | Connecticut Port Authority for funding or that commenced prior to the 83 |
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| 143 | + | disbursement of such funds due to time considerations that impacted 84 |
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| 144 | + | the flow of commerce at such small harbor. If the account is used for the 85 |
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| 145 | + | purpose described in subparagraph (C) of subdivision (1) of this 86 |
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| 146 | + | subsection, the authority shall pursue reimbursement to the account 87 |
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| 147 | + | from the federal government. 88 |
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| 148 | + | [(c)] (d) The authority shall adopt procedures in accordance with 89 |
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| 149 | + | section 1-121 to implement the provisions of this section, including, but 90 |
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| 150 | + | not limited to, a process for contracting for projects in small harbors 91 |
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| 151 | + | under this section. 92 |
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| 152 | + | Sec. 3. Subsection (m) of section 32 of public act 15-1 of the June 93 |
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| 153 | + | special session is amended to read as follows (Effective July 1, 2025): 94 |
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| 154 | + | (m) For the Connecticut Port Authority: Grants-in-aid for 95 |
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| 155 | + | improvements to ports, harbors and marinas, including dredging and 96 |
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| 156 | + | navigational improvements, and reimbursement for dredging projects 97 |
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| 157 | + | at small harbors, as defined in section 13b-55d, as amended by this act, 98 |
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| 158 | + | Raised Bill No. 1242 |
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156 | | - | maritime infrastructure projects in small harbors, provided all 106 |
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157 | | - | applicable permits and authorizations are obtained before such private 107 |
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158 | | - | maritime infrastructure projects receive any such funding] purpose of 108 |
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159 | | - | providing grants pursuant to the program described in subsection (b) of 109 |
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160 | | - | this section. If the account is used for the purpose described in 110 |
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161 | | - | [subparagraph (C) of] subdivision [(1)] (3) of [this] subsection (b) of this 111 |
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162 | | - | section, the authority shall pursue reimbursement to the account from 112 |
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163 | | - | the federal government. 113 |
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164 | | - | [(c)] (e) The authority shall adopt procedures in accordance with 114 |
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165 | | - | section 1-121 to implement the provisions of this section, including, but 115 |
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166 | | - | not limited to, a process for contracting for projects in small harbors 116 |
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167 | | - | under this section. 117 |
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168 | | - | Sec. 3. Subsection (m) of section 32 of public act 15-1 of the June 118 |
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169 | | - | special session, as amended by section 230 of public act 16-4 of the May 119 |
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170 | | - | special session and section 540 of public act 17-2 of the June special 120 |
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171 | | - | session, is amended to read as follows (Effective July 1, 2025): 121 |
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172 | | - | (m) For the Connecticut Port Authority: Grants -in-aid for 122 |
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173 | | - | improvements to ports, harbors and marinas, including dredging and 123 |
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174 | | - | navigational improvements, and reimbursement for dredging projects 124 |
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175 | | - | at small harbors, as defined in section 13b-55d, as amended by this act, 125 |
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176 | | - | not exceeding $6,750,000, provided not less than $5,000,000 shall be 126 |
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177 | | - | made available to the ports, harbors and marinas in the state other than 127 |
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178 | | - | the deep water ports in the cities of Bridgeport, New Haven and New 128 |
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179 | | - | London. 129 |
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| 162 | + | LCO No. 4381 5 of 5 |
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| 163 | + | |
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| 164 | + | not exceeding $17,500,000, provided not less than $5,000,000 shall be 99 |
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| 165 | + | made available to the ports, harbors and marinas in the state other than 100 |
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| 166 | + | the deep water ports in the cities of Bridgeport, New Haven and New 101 |
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| 167 | + | London. 102 |
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