OLR Bill Analysis
AN ACT CONCERNING GRANTS FOR COMBINED SEWER PROJECTS.
This bill allows municipal combined sewer projects to receive an increased Clean Water Fund grant of between 50% and 80% of their project costs if (1) the aggregate amount of general obligation bonds authorized for the Clean Water Fund program is increased on or after October 1, 2018, and (2) no other municipality's scheduled project grant is reduced or eliminated to provide the increased grant amount.
Under current law, combined sewer projects are eligible for a 50% grant. By law, project costs that are not covered by a grant are eligible for a Clean Water Fund loan, not to exceed 100% of eligible costs. The interest rate on these loans is 2% per year.
By law, combined sewer projects are those undertaken to mitigate pollution due to combined sewer and storm drain systems. They include components of regional water pollution control facilities to prevent overflows of untreated waste due to collection system inflow if the components cost the state less than eliminating the inflow by physically separating the sewer system at the inflow source.
EFFECTIVE DATE: October 1, 2018
Finance, Revenue and Bonding Committee
Joint Favorable Substitute