(June 30 Sp. Sess. P.A. 03-4, S. 14, 15; P.A. 04-4, S. 8; 04-143, S. 14; 04-182, S. 16; June Sp. Sess. P.A. 05-4, S. 53.)
Sec. 13b-57q. Annual financing plan for TSB projects. Five-year financing
plan. (a) On or before August first of each year, the Department of Transportation,
in consultation with the Secretary of the Office of Policy and Management, the State
Treasurer and the Transportation Strategy Board, shall prepare a financing plan for the
annual funding and financing of the projects and purposes described in section 13b-57h. Such annual financing plan shall be based upon the funding available or anticipated
to be available in the Transportation Strategy Board projects account, as well as the use
of any federal revenue, grants or other transportation-related financial assistance which
may be available in such fiscal year. The annual financing plan shall include funding
mandated by sections 13b-57s and 13b-57t. Upon the approval of such annual financing
plan by the Governor, funding identified in the annual financing plan shall be paid within
the fiscal year of such annual financing plan into the Transportation Strategy Board
projects account, established under section 13b-57r, of the Special Transportation Fund
and shall be available to fund those projects and purposes identified in such annual
financing plan.
(b) In addition to the preparation of the annual financing plans, the Department of
Transportation shall prepare a five-year financing plan that shall project for a period of
five years the funds to be credited to the Transportation Strategy Board projects account,
established under section 13b-57r, of the Special Transportation Fund, the anticipated
use of cash funding, including funding mandated by sections 13b-57s and 13b-57t, and
federal revenue, grants or other transportation related financial assistance to fund or
finance the projects and purposes described in section 13b-57h. Such five-year financing
plan shall be updated on or before August first of each year at the same time as the
preparation of the annual financing plan and shall be provided by the Commissioner of
Transportation to the Transportation Strategy Board, the State Treasurer, the Secretary
of the Office of Policy and Management and the joint standing committees of the General
Assembly having cognizance of matters relating to transportation and finance, revenue
and bonding.
(June 30 Sp. Sess. P.A. 03-4, S. 17; P.A. 04-149, S. 2; June Sp. Sess. P.A. 05-4, S. 42.)
History: June 30 Sp. Sess. P.A. 03-4 effective August 20, 2003; P.A. 04-149 amended Subsec. (a) to provide for
preparation of financing plan on or before December 1, 2003, to provide for deposit of incremental revenues into the TSB
projects account, to provide for the deposit of bond proceeds into a subaccount of the Infrastructure Improvement Fund
and to make technical changes, effective May 21, 2004; June Sp. Sess. P.A. 05-4 amended Subsec. (a) to delete provisions
re funding from incremental revenues or special tax obligation bond proceeds and provide that the annual financing plan
includes certain mandated funding, and amended Subsec. (b) to remove reference to incremental revenues and provide
that the five-year financing plan includes certain mandated funding, effective July 1, 2005.
Sec. 13b-57r. Transportation Strategy Board projects account. Moneys to be
deposited into the account. (a) There shall be a Transportation Strategy Board projects
account, which shall be a nonlapsing account within the Special Transportation Fund.
(b) For the fiscal year ending June 30, 2004, five million dollars of the moneys
received or collected by the state or any officer thereof on account of, or derived from,
the incremental revenues received pursuant to section 14-50a shall be deposited into
the account established under subsection (a) of this section and shall be used to provide
funding for the projects and purposes of the Transportation Strategy Board.
(c) For the fiscal year ending June 30, 2006, the Treasurer shall transfer the sum of
twenty-five million three hundred thousand dollars from the resources of the Special
Transportation Fund into the account established under subsection (a) of this section
and shall be used to provide funding for the projects and purposes of the Transportation
Strategy Board. For the fiscal year ending June 30, 2007, the Treasurer shall transfer
the sum of twenty million three hundred thousand dollars from the resources of the
Special Transportation Fund into the account established under subsection (a) of this
section and shall be used to provide funding for the projects and purposes of the Transportation Strategy Board. For the fiscal years ending June 30, 2008, to June 30, 2015,
inclusive, the Treasurer shall annually transfer the sum of fifteen million three hundred
thousand dollars from the resources of the Special Transportation Fund into the account
established under subsection (a) of this section and shall be used to provide funding for
the projects and purposes of the Transportation Strategy Board. For the fiscal year ending
June 30, 2016, and each fiscal year thereafter, the Treasurer shall annually transfer the
sum of three hundred thousand dollars from the resources of the Special Transportation
Fund into the account established under subsection (a) of this section and shall be used
to provide funding for the projects and purposes of the Transportation Strategy Board.
(June 30 Sp. Sess. P.A. 03-1, S. 113; P.A. 04-177, S. 9; June Sp. Sess. P.A. 05-4, S. 43.)
History: June 30 Sp. Sess. P.A. 03-1 effective August 16, 2003; P.A. 04-177 amended Subsec. (c) to change date on
which one-half of incremental revenues begin to be deposited into Transportation Strategy Board projects account from
July 1, 2005, to July 1, 2004, effective June 1, 2004; June Sp. Sess. P.A. 05-4 amended Subsec. (c) to replace former
provisions re incremental revenues with provisions re transferring money from the Special Transportation Fund in the
amounts of $25,300,000 for fiscal year 2006, $20,300,000 in fiscal year 2007, $15,300,000 for fiscal years 2008 to 2015,
and $300,000 in fiscal year 2016 and thereafter, effective July 1, 2005.
Sec. 13b-57s. Expenditure from Transportation Strategy Board projects account for demand responsive transportation program. During the fiscal years ending
June 30, 2006, and June 30, 2007, the sum of five million dollars shall be expended from
the Transportation Strategy Board projects account for grants-in-aid and administrative
expenses under the program established pursuant to section 13b-38bb. The funding shall
be included in the annual financing plan adopted pursuant to section 13b-57q. The funds
shall remain available until expended.
(June Sp. Sess. P.A. 05-4, S. 37.)
History: June Sp. Sess. P.A. 05-4 effective July 1, 2005.
Sec. 13b-57t. Expenditures from Transportation Strategy Board projects account for the New Haven Line revitalization program. (a) During the fiscal year
ending June 30, 2005, the annual financing plan adopted pursuant to section 13b-57q
shall include the sum of five million dollars to be expended from the Transportation
Strategy Board projects account to support the New Haven Line revitalization program
undertaken pursuant to subsections (a), (b) and (c) of this section and sections 13b-78k,
13b-78m and 13b-78n. The funds shall remain available until expended.
(b) During the fiscal year ending June 30, 2006, the sum of twenty million dollars
shall be expended from the Transportation Strategy Board projects account to support
the New Haven Line revitalization program undertaken pursuant to public act 05-4 of
the June special session*. The funding shall be included in the annual financing plan
adopted pursuant to section 13b-57q. The funds shall remain available until expended.
(c) During the fiscal year ending June 30, 2007, the sum of fifteen million dollars
shall be expended from the Transportation Strategy Board projects account to support
the New Haven Line revitalization program undertaken pursuant to public act 05-4 of
the June special session*. The funding shall be included in the annual financing plan
adopted pursuant to section 13b-57q. The funds shall remain available until expended.
(d) From the fiscal year ending June 30, 2008, to the fiscal year ending June 30, 2015,
inclusive, the sum of fifteen million dollars shall be expended from the Transportation
Strategy Board projects account to support the New Haven Line Revitalization program
undertaken pursuant to public act 05-4 of the June special session*. The funding shall
be included in the annual financing plan adopted pursuant to section 13b-57q. The funds
shall remain available until expended.
(June Sp. Sess. P.A. 05-4, S. 34-36, 38.)
*Public act 05-4 of the June special session is entitled "An Act Concerning the Authorization of Special Tax Obligation
Bonds of the State for Certain Transportation Purposes". (See Reference Table captioned "Public Acts of June, 2005"
following the Index which lists the sections amended, created or repealed by the act.)
History: June Sp. Sess. P.A. 05-4 effective June 29, 2005, re Subsec. (a), effective July 1, 2005, re Subsecs. (b) and
(c), and effective July 1, 2006, re Subsec. (d).