OLR Bill Analysis

HB 6412

AN ACT CONCERNING THE SMALL TOWN ECONOMIC ASSISTANCE PROGRAM.

SUMMARY:

This bill makes groups of municipalities eligible for Small Town Economic Assistance Program (STEAP) grants, as long as each municipality that is a member of the group is otherwise eligible for the grants. STEAP provides economic assistance to municipalities that do not qualify for the Urban Action grant program, which is geared mainly for cities and economically distressed towns. By law, distressed municipalities or public investment communities eligible for both programs can opt to participate in STEAP by following certain procedures. The bill also makes such municipalities eligible to participate in STEAP as members of a group by following the same procedures. It also extends to the groups the $ 500,000 per fiscal year cap on STEAP grants.

EFFECTIVE DATE: October 1, 2011

COMMITTEE ACTION

Planning and Development Committee

Joint Favorable

Yea

20

Nay

0

(03/07/2011)