Raised S.B. No. 271
Session Year 2020


AN ACT CONCERNING THE FISCAL ACCOUNTABILITY AND SUSTAINABLE TRANSPORTATION REFORM PLAN.

To (1) establish a Transportation Strategy and Advisory Board, and a Connecticut and New York Railroad Strategy Board; (2) require the Commissioner of Transportation to provide certain information to the Transportation Strategy and Advisory Board and the Connecticut and New York Railroad Strategy Board; (3) limit the aggregate maximum amount of TIFIA and RRIF loan agreements the state can enter into for the period commencing on July 1, 2022, and ending on December 31, 2030; (4) transfer the sum of one billion five hundred million dollars from the Budget Reserve Fund to the State Employees Retirement Fund for the purpose of paying unfunded past service liability; and (5) require the Auditors of Public Accounts to conduct certain audits of the Department of Transportation.