House Bill No. 5025
               House Bill No. 5025

              PUBLIC ACT NO. 98-154


AN  ACT  CONCERNING  DEPARTMENT  OF  ECONOMIC  AND
COMMUNITY  DEVELOPMENT  ADMINISTRATIVE   OVERSIGHT
CHARGES.


    Be  it  enacted  by  the  Senate  and House of
Representatives in General Assembly convened:
    Section  1.  Section  8-37tt  of  the  general
statutes  is  repealed  and   the   following   is
substituted in lieu thereof:
    (a)  As  used in this section, "administrative
oversight charge" means any  fee  payable  to  the
Department  of  Economic and Community Development
from sources other than (1) the proceeds from  the
sale  of  the  state's general obligation bonds or
(2)  the  housing  repayment  and  revolving  loan
program  established pursuant to subsection (e) of
section 8-37qq, that is imposed to pay  all  or  a
portion   of   the   costs  and  expenses  of  the
Department of Economic and  Community  Development
in  monitoring facilities developed with financial
assistance pursuant  to  any  bond-financed  state
housing  program  as  defined in subsection (a) of
said section 8-37qq, and ensuring compliance  with
requirements  and  restrictions applicable to such
facilities.
    (b)  The  commissioner shall adopt regulations
in accordance with the provisions  of  chapter  54
describing    procedures   to   be   employed   in
calculating administrative oversight  charges  and
establishing the amount of such charges.
    (c)  Notwithstanding  the  provisions  of this
section or any regulations adopted thereunder, the
amount  of the administrative oversight charge per
unit shall be as follows: (1) For the period  from
July  1,  1997,  to  June  30, 1998, not more than
twelve dollars, [(2) for the period from  July  1,
1998,  to  June  30,  1999,  not  more  than seven
dollars and (3) on and after July 1,  1999,  there
shall  be  no charge] AND (2) ON AND AFTER JULY 1,
1998, NOT MORE THAN FIVE DOLLARS.
    Sec.  2.  This  act  shall take effect July 1,
1998.

Approved June 4, 1998