RESOLUTION CONCERNING THE REAUTHORIZATION OF THE COMMUNITY INVESTMENT FUND BOARD AND PROGRAM.
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HJ 31 — RESOLUTION CONCERNING THE REAUTHORIZATION OF THE COMMUNITY INVESTMENT FUND BOARD AND PROGRAM.
Last action — FILE NO. 64
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill is in committee in the House. Introduced February 26, 2026. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the House.
Prognosis
Where this bill stands today.
Odds of enactment
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Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
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Bill Text
What changed in the latest version
77 added · 11 removedPlain-language change summary
The updated version of House Joint Resolution No. 31 includes additional lines clarifying that the resolution has been reported by the Committee on Commerce and specifies the circumstances surrounding the fiscal impact statement. It also replaces the reference to the initial line number with a file number to streamline identification. These changes are significant because they provide clearer guidance on the resolution's status and the potential financial implications for the state and municipalities, helping legislators and the public understand its effects better.
GeneralHouse Assemblyof HouseRepresentatives JointGeneral ResolutionAssembly File No.
3164 February Session, 2026 LCOHouse Joint Resolution No.
52531 ReferredHouse toof Representatives, March 18, 2026 The Committee on COMMERCECommerce Introducedreported by:through REP.
(CE)MESKERS RESOLUTIONof CONCERNINGthe THE150th REAUTHORIZATIONDist., OFChairperson THEof COMMUNITYthe INVESTMENTCommittee FUNDon BOARDthe ANDpart PROGRAM.of the House, that the joint resolution ought to be adopted.
RESOLUTION CONCERNING THE REAUTHORIZATION OF THE COMMUNITY INVESTMENT FUND BOARD AND PROGRAM.
and WHEREAS,HJ31 it/ isFile in the best interest of the state to reauthorize the LCO 525 1 of 2 House Joint Resolution No.
3164 Community1 InvestmentHJ31 Fund2030BoardFile andtheprogramprovidedforNo. under section 32-285a of the general statutes;
64 WHEREAS, it is in the best interest of the state to reauthorize the Community Investment Fund2030Board andtheprogramprovidedfor under section 32-285a of the general statutes;
CE Joint Favorable LCOHJ31 525/ 2File ofNo. 2
64 2 HJ31 File No.
64 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do not represent the intent of the General Assembly or either chamber thereof for any purpose.
In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge.
Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.
OFA Fiscal Note State Impact:
See Below Municipal Impact:
See Below Explanation The fiscal impact of the resolution is uncertain, as it is subject to additionaldecisionsfromtheGovernor andtheCommunity Investment Fund 2030 Board.
If the Governor and the Community Investment Fund 2030 do not agree to reauthorize the funding, the resolution has no fiscal impact as the bonds will not be available for use by the State Bond Commission.
If the Governor and the Community Investment Fund 2030 Board agree to reauthorize the funding, there will be a future cost to the General Fund of approximately $1.9 billion over the 20-year duration of the bonds.
In this scenario, the resolution could result in municipal revenue gain up to $1.25 billion, to the extent that future Community Investment Fund 2030 awards go to municipal recipients.
Background The resolution is one of two steps necessary under CGS 32-285a(e) to reauthorize $1.25 billion of General Obligation bonds ($250 million per year beginning in FY 28).
The section also requires that the Governor and the Community Investment Fund 2030 Board agree to reauthorization of the funds for the program in order for the bonds to be available for use by the State Bond Commission.
HJ31 / File No.
64 3 HJ31 File No.
64 The Community Investment Fund 2030 Board can recommend acceptance of projects proposed by municipalities, community development corporations, or nonprofit organizations.
The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to the terms of any bonds issued.
HJ31 / File No.
64 4 HJ31 File No.
64 OLR Bill Analysis HJ 31 RESOLUTION CONCERNING THE REAUTHORIZATION OF THE COMMUNITY INVESTMENT FUND BOARD AND PROGRAM.
SUMMARY This resolution reauthorizes the Community Investment Fund (CIF) board and program to continue issuing bonds to eligible projects in FYs 28 through 32.
By law, CIF 2030 is a state bond-funded program for financing qualifying economic and community development projects in municipalities designated as public investment communities, alliance districts, or distressed municipalities.
The CIF 2030 board, located within the Department of Economic and Community Development, directs these investments.
Eligible municipalities, community development corporations, and nonprofits may submit funding proposals for eligible projects to the board.
Legislation creating the CIF program authorized an initial amount of state general obligation (GO) bonds for FYs 23 through 27 and an additional amount for FYs 28 through 32.
However, the bond authorization in this second period is contingent on (1) an agreement between the governor and the board and (2) the General Assembly adopting a resolution affirming the board and program’s reauthorization.
COMMITTEE ACTION Commerce Committee Joint Favorable Yea 20 Nay 0 (03/05/2026) HJ31 / File No.
64 5
Action History
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FILE NO. 64
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HOUSE CALENDAR NUMBER 70
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FAV. RPT., TABLED FOR HOUSE CALENDAR
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RPTD. OUT OF LCO
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REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 03/17/26
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FILED WITH LCO
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Joint Favorable
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PUBLIC HEARING 0303
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REF. TO JOINT COMM. ON Commerce
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 0 co-sponsors · 187 not signed on
Sponsors (0)
None.
Co-sponsors (0)
None.
Not signed on (187)
187 members have not signed on to this bill.
Show all 187 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
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