PA 07-177—sHB 7231

Environment Committee

Finance, Revenue and Bonding Committee

AN ACT INCLUDING ON-BOARD OIL REFINING SYSTEMS IN THE DEFINITION OF LOCAL CAPITAL IMPROVEMENT PROJECTS

SUMMARY: This act allows municipalities that acquire and install certain on-board oil refining systems to have their costs reimbursed from the Local Capital Improvement Program (LoCIP) Fund. The refining systems must consist of filtration and evaporation canisters that remove solid and liquid contaminants from lubricating oil.

EFFECTIVE DATE: July 1, 2007

BACKGROUND

Local Capital Improvement Program (LoCIP)

LoCIP, administered by the Office of Policy and Management, reimburses municipalities for the cost of eligible local capital improvement projects, such as road, bridge, and public building construction activities. OPM annually allocates LoCIP funds to municipalities according to a statutory formula (CGS §§ 7-535 et seq. )

OLR Tracking: PF: JK: JL: RO