Connecticut Seal

General Assembly

 

Raised Bill No. 656

February Session, 2006

 

LCO No. 3115

 

*03115_______ENV*

Referred to Committee on Environment

 

Introduced by:

 

(ENV)

 

AN ACT AUTHORIZING BONDS OF THE STATE FOR AGRICULTURE, OPEN SPACE AND BROWNFIELDS PROGRAMS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective July 1, 2006) (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate thirty million dollars.

(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Environmental Protection for the purposes contained in subsection (c) of this section.

(c) The Department of Environmental Protection shall:

(1) Use fifteen million dollars of the proceeds of the bonds to establish and administer a program of grants to municipalities for brownfield restoration and remediation in distressed communities, as defined in section 32-9p of the general statutes, that target properties that were contaminated by the current owner or successor to the current owner, which current owner was in compliance with any applicable environmental laws at the time of contamination. The department shall not use more than ten per cent of the proceeds of the bonds allocated to this subdivision for administrative costs;

(2) Use ten million dollars of the proceeds of the bonds to provide grants to municipalities for open space programs; and

(3) Use five million dollars of the proceeds of the bonds for grants to municipalities for urban park restoration and improvement, with a priority given to the restoration of sites having particular historical importance to landscape architecture. The department shall not use more than three per cent of the proceeds of the bonds allocated to this subdivision for the design portion of the grants, and not more than two per cent of the proceeds of the bonds allocated to this subdivision for administrative costs.

(d) All provisions of section 3-20 of the general statutes, or the exercise of any right or power granted thereby, which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due.

Sec. 2. (Effective July 1, 2006) (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate thirty million dollars.

(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Agriculture for the purpose of providing additional funding for farmland preservation programs pursuant to chapter 422 of the general statutes. The department shall not use more than ten per cent of the proceeds of the bonds for administrative costs.

(c) All provisions of section 3-20 of the general statutes, or the exercise of any right or power granted thereby, which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due.

Sec. 3. (Effective from passage) (a) There is established a task force to study strategies for providing long-term funding for the protection of the state's natural resource lands, including open space, working farm land, brownfields and urban parks. The task force shall consist of six members, two appointed by the house chairman of the joint standing committee of the General Assembly having cognizance of matters relating to the environment, two appointed by the senate chairman of the joint standing committee of the General Assembly having cognizance of matters relating to the environment, one appointed by the house ranking member of the joint standing committee of the General Assembly having cognizance of matters relating to the environment, and one appointed by the senate ranking member of the joint standing committee of the General Assembly having cognizance of matters relating to the environment.

(b) Not later than January 1, 2007, the task force shall submit a report on its findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to the environment, in accordance with the provisions of section 11-4a of the general statutes. The task force shall terminate on the date that it submits such report or January 1, 2007, whichever is later.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2006

New section

Sec. 2

July 1, 2006

New section

Sec. 3

from passage

New section

Statement of Purpose:

To authorize bonds of the state for agricultural programs, urban park restoration, brownfield remediation and municipal open space.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]