SB 85 — AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE, CONCERNING THE UCONN 2000 PROGRAM AND ESTABLISHING GRANT PROGRAMS FOR SUPPLEMENTAL GRADUATE STUDENT LOANS, WAR OR VETERANS' MEMORIALS OR MONUMENTS AND AGING-IN-PLACE.

(Effective Julyfrom 1,passage) 2026) In accordance with section 9 of this act, the state, through the state agency specified in said section 9, may provide grants-in-aid and other financings to or for the agency for the purposes and projects as described in said section 9.

(Effective Julyfrom 1,passage) 2026) In the case of any grant-in-aid made pursuant to section 9 of this act that is made to any entity which is not a political subdivision of the state, the contract entered into pursuant to section 9 of this act shall provide that if the premises for which such grant-in-aid was made ceases, within ten years of the date of such grant, to be used as a facility for which such grant was made, an amount equal to the amount of such grant, minus ten per cent per year for each full year which has elapsed since the date of such grant, shall be repaid to thesSB85 state/ andFile that a lien shall be placed on such land in favor of the state to ensure that such amount shall be repaid in the event of such change in use, provided if the premises for which such grant-in-aid was made are owned by the state, a municipality or a housing authority, no lien LCO No.

621694 7 ofsSB85 21File Governor'sNo. Bill No.85 need be placed.

694 the state and that a lien shall be placed on such land in favor of the state to ensure that such amount shall be repaid in the event of such change in use, provided if the premises for which such grant-in-aid was made are owned by the state, a municipality or a housing authority, no lien need be placed.

The State Treasurer is authorized to invest temporarily in direct obligations of the United States, United States agency obligations, certificates of deposit, commercial paper or bank acceptances such portion of the proceeds of such bonds or of any notes issued in anticipation thereof as may be deemedsSB85 available/ forFile suchNo. purpose.

694 8 sSB85 File No.

694 deemed available for such purpose.

Section 110a-110n of publicthe actgeneral 23-205,statutes asis amendedrepealed. by section 103 of LCO No.

621 8 of 21 Governor's Bill No85 public act 25-174, is amended to read as follows (Effective July 1, 2026):2026) Sec.

The State BondCommissionshallhave power,inaccordance withthe provisions of this section and sections 2 to 7, inclusive, of public act 23- 205, as amended by this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding [$741,290,000] $775,890,000.

Sec.

Subdivision (10) of subsection (a) of section 10a-109d of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2026):

(10) To borrow money and issue securities to finance the acquisition, construction, reconstruction, improvement or equipping of any one project, or more than one, or any combination of projects, or to make loans or provide grants from the proceeds of such securities to any subsidiary or joint venture established pursuant to The University of Connecticut Health Center Joint Venture Initiative, or to refund securities issued after June 7, 1995, or to refund any such refunding securities or for any one, or more than one, or all of those purposes, or any combination of those purposes, and to provide for the security and payment of those securities and for the rights of the holders of them, except that the amount of any such borrowing, the special debt service requirements for which are secured by the state debt service commitment, exclusive of the amount of borrowing to refund securities, or to fund issuance costs or necessary reserves, may not exceed the aggregate principal amount of (A) for the fiscal years ending June 30, 1996, to June 30, 2005, inclusive, one billion twelve million dollars, (B) for the fiscal years ending June 30, 2006, to June 30, 2031, inclusive, [four billion three hundred two million nine hundred thousand] four billion five hundred thirteen million dollars, and (C) such additional amount or amounts:

(i) Required from time to time to fund any special capital reserve fund or other debt service reserve fund in accordance with the financing transaction proceedings, and (ii) to pay or provide for the costs of issuance and capitalized interest, if any;

the aggregate amounts of subparagraphs (A), (B) and (C) of this subdivision are established as the authorized funding amount, and no borrowing within the authorized funding amount for a project or projects may be effected unless the project or projects are included in accordance with subsection sSB85 / File No.

694 9 sSB85 File No.

694 (a) of section 10a-109e, as amended by this act;

Sec.

19.

Subsection (a) of section 10a-109e of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2026):

(a) The university may administer, manage, schedule, finance, further design and construct UConn 2000, to operate and maintain the components thereof ina prudent and economical manner and to reserve for and make renewals and replacements thereof when appropriate, it being hereby determined and found to be in the best interest of the state and the university to provide this independent authority to the university along with providing assured revenues therefor as the efficient and cost effective course to achieve the objective of avoiding further decline in the physical infrastructure of the university and to renew, modernize, enhance and maintain such infrastructure, the particular project or projects, each being hereby approved as a project of UConn 2000, and the presently estimated cost thereof being as follows:

T1 UConn 2000 Project Phase I Phase II Phase III T2 Fiscal Years Fiscal Years Fiscal Years T3 1996-1999 2000-2005 2005-2031 T4 T5 Academic and Research T6 Facilities 450,000,000 T7 T8 Agricultural Biotechnology T9 Facility 9,400,000 T10 T11 Agricultural Biotechnology T12 Facility Completion 10,000,000 T13 T14 Alumni Quadrant T15 Renovations 14,338,000 T16 T17 Arjona and Monteith sSB85 / File No.

694 10 sSB85 File No.

694 T18 (new classroom buildings) 66,100,000 T19 T20 Avery Point Campus T21 Undergraduate and T22 Library Building 35,000,000 T23 T24 Avery Point Marine T25 Science Research Center – T26 Phase I 34,000,000 T27 T28 Avery Point Marine T29 Science Research Center – T30 Phase II 16,682,000 T31 T32 Avery Point Renovation 5,600,000 15,000,000 T33 T34 Babbidge Library 0 T35 T36 Balancing Contingency 5,506,834 T37 T38 Beach Hall Renovations 10,000,000 T39 T40 Benton State Art Museum T41 Addition 1,400,000 3,000,000 T42 T43 Biobehavioral Complex T44 Replacement 4,000,000 T45 T46 Bishop Renovation 8,000,000 T47 T48 Budds Building T49 Renovation 2,805,000 T50 T51 Business School T52 Renovation 4,803,000 sSB85 / File No.

694 11 sSB85 File No.

694 T53 T54 Chemistry Building 53,700,000 T55 T56 Commissary Warehouse 1,000,000 T57 T58 Deferred Maintenance/ T59 Code Compliance/ T60 ADA Compliance/ T61 Infrastructure T62 Improvements & T63 Renovation Lump Sum and T64 Utility, Administrative T65 and Support Facilities 39,332,000 863,500,000 T66 T67 Deferred Maintenance & T68 Renovation Lump Sum T69 Balance 104,668,000 T70 T71 Digital learning T72 infrastructure T73 improvements at a regional T74 campus 3,000,000 T75 T76 East Campus North T77 Renovations 11,820,000 T78 T79 Engineering Building T80 (with Environmental T81 Research Institute) 36,700,000 T82 T83 Equine Center 1,000,000 T84 T85 Equipment, Library T86 Collections & T87 Telecommunications 60,500,000 [470,000,000] sSB85 / File No.

694 12 sSB85 File No.

694 T88 480,000,000 T89 T90 Equipment, Library T91 Collections & T92 Telecommunications T93 Completion 182,118,146 T94 T95 Family Studies (DRM) T96 Renovation 6,500,000 T97 T98 Farm Buildings Repairs/ T99 Replacement 6,000,000 T100 T101 Fine Arts Phase II 20,000,000 T102 T103 Floriculture Greenhouse 3,000,000 T104 T105 Gant Building Renovations T106 and T107 New Life Sciences Building 403,500,000 T108 T109 Gant Plaza Deck 0 T110 T111 Gentry Completion 10,000,000 T112 T113 Gentry Renovation 9,299,000 T114 T115 Grad Dorm Renovations 7,548,000 T116 T117 Gulley Hall Renovation 1,416,000 T118 T119 Harry A.

Gampel Pavilion T120 and T121 Hugh S.

Greer Field House 164,000,000 T122 sSB85 / File No.

694 13 sSB85 File No.

694 T123 Hartford Relocation T124 Acquisition/Renovation 56,762,020 70,000,000 T125 T126 Hartford Relocation Design 1,500,000 T127 T128 Hartford Relocation T129 Feasibility Study 500,000 T130 T131 Heating Plant Upgrade 10,000,000 T132 T133 Hilltop Dormitory New 30,000,000 T134 T135 Hilltop Dormitory T136 Renovations 3,141,000 T137 T138 Ice Rink Enclosure 2,616,000 T139 T140 Incubator Facilities 10,000,000 T141 T142 International House T143 Conversion 800,000 T144 T145 Intramural, Recreational T146 and Intercollegiate T147 Facilities 31,000,000 T148 T149 Jorgensen Renovation 7,200,000 T150 T151 Koons Hall Renovation/ T152 Addition 7,000,000 T153 T154 Lakeside Renovation 3,800,000 T155 T156 Lab renovations and T157 equipment 20,000,000 sSB85 / File No.

694 14 sSB85 File No.

694 T158 T159 Law School Renovations/ T160 Improvements 15,000,000 T161 T162 Library Storage Facility 5,000,000 T163 T164 Litchfield Agricultural T165 Center – Phase I 1,000,000 T166 T167 Litchfield Agricultural T168 Center – Phase II 700,000 T169 T170 Manchester Hall T171 Renovation 6,000,000 T172 T173 Mansfield Apartments T174 Renovation 2,612,000 T175 T176 Mansfield Training School T177 Improvements 27,614,000 29,000,000 T178 T179 Natural History Museum T180 Completion 4,900,000 T181 T182 North Campus Renovation 2,654,000 T183 T184 North Campus Renovation T185 Completion 21,049,000 T186 T187 North Hillside Road T188 Completion 11,500,000 T189 T190 North Superblock Site T191 and Utilities 8,000,000 T192 sSB85 / File No.

694 15 sSB85 File No.

694 T193 Northwest Quadrant T194 Renovation 2,001,000 T195 T196 Northwest Quadrant T197 Renovation 15,874,000 T198 T199 Observatory 1,000,000 T200 T201 Old Central Warehouse 18,000,000 T202 T203 Parking Garage #3 78,000,000 T204 T205 Parking Garage – North 10,000,000 T206 T207 Parking Garage – South 15,000,000 T208 T209 Pedestrian Spinepath 2,556,000 T210 T211 Pedestrian Walkways 3,233,000 T212 T213 Program to recruit eminent T214 faculty and research staff T215 established pursuant to T216 section 10a-104c 46,100,000 T217 T218 Psychology Building T219 Renovation/Addition 20,000,000 T220 T221 Residential Life Facilities 162,000,000 T222 T223 Roadways 10,000,000 T224 T225 School of Business 20,000,000 T226 T227 School of Pharmacy/ sSB85 / File No.

694 16 sSB85 File No.

694 T228 Biology 3,856,000 T229 T230 School of Pharmacy/ T231 Biology Completion 61,058,000 T232 T233 Shippee/Buckley T234 Renovations 6,156,000 T235 T236 Social Science K Building 20,964,000 T237 T238 South Campus Complex 13,127,000 T239 T240 Stamford Campus T241 Improvements/Housing 13,000,000 T242 T243 Stamford Downtown T244 Relocation – Phase I 45,659,000 T245 T246 Stamford Downtown T247 Relocation – Phase II 17,392,000 T248 T249 Storrs Hall Addition 4,300,000 T250 T251 Student Health Services 12,000,000 T252 T253 Student Union Addition 23,000,000 T254 T255 Support Facility T256 (Architectural and T257 Engineering Services) 2,000,000 T258 T259 Technology Quadrant – T260 Phase IA 38,000,000 T261 T262 Technology Quadrant – sSB85 / File No.

694 17 sSB85 File No.

694 T263 Phase IB 16,611,000 T264 T265 Technology Quadrant – T266 Phase II 72,000,000 T267 T268 Technology Quadrant – T269 Phase III 15,000,000 T270 T271 Torrey Life Science T272 Renovation and Demolition 17,000,000 25,000,000 T273 T274 Torrey Renovation T275 Completion and Biology T276 Expansion 42,000,000 T277 T278 Torrington Campus T279 Improvements 1,000,000 T280 T281 Towers Renovation 17,794,000 T282 T283 UConn Products Store 1,000,000 T284 T285 Undergraduate Education T286 Center 650,000 T287 T288 Undergraduate Education T289 Center 7,450,000 T290 T291 Underground Steam & T292 Water Upgrade 3,500,000 T293 T294 Underground Steam & T295 Water Upgrade T296 Completion 9,000,000 T297 sSB85 / File No.

694 18 sSB85 File No.

694 T298 University Programs T299 Building – Phase I 8,750,000 T300 T301 University Programs T302 Building – Phase II T303 Visitors Center 300,000 T304 T305 Waring Building T306 Conversion 7,888,000 T307 T308 Waterbury Downtown T309 Campus 3,000,000 T310 T311 Waterbury Property T312 Purchase 325,000 T313 T314 West Campus Renovations 14,897,000 T315 T316 West Hartford Campus T317 Renovations/ T318 Improvements 25,000,000 T319 T320 White Building Renovation 2,430,000 T321 T322 Wilbur Cross Building T323 Renovation 3,645,000 T324 T325 Young Building T326 Renovation/Addition 17,000,000 T327 T328 HEALTH CENTER T329 T330 CLAC Renovation T331 Biosafety Level 3 Lab 14,000,000 T332 sSB85 / File No.

694 19 sSB85 File No.

694 T333 Deferred maintenance, code T334 compliance and T335 infrastructure T336 improvements 90,000,000 T337 T338 Deferred Maintenance/ T339 Code Compliance/ADA T340 Compliance/Infrastructure T341 & Improvements T342 Renovation Lump Sum T343 and Utility, Administrative T344 and Support Facilities T345 – Health Center 86,000,000 T346 T347 Dental School Renovation 5,000,000 T348 T349 Equipment, Library T350 Collections and T351 Telecommunications – T352 Health Center [75,000,000] T353 110,000,000 T354 T355 Library/Student Computer T356 Center Renovation 5,000,000 T357 T358 Main Building Renovation 125,000,000 T359 T360 Medical School Academic T361 Building Renovation 9,000,000 T362 T363 Parking Garage – Health T364 Center 8,400,000 T365 T366 Research Tower 60,000,000 T367 sSB85 / File No.

694 20 sSB85 File No.

694 T368 Support Building T369 Addition/Renovation 4,000,000 T370 T371 System telecommunications T372 infrastructure upgrades, T373 improvements and T374 expansions 6,000,000 T375 T376 The University of T377 Connecticut T378 Health Center T379 New Construction and T380 Renovation 394,900,000 T381 T382 Planning and Design Costs 25,000,000 T383 T384 The University of T385 Connecticut Health Center T386 Joint Venture Initiative 390,000,000 T387 T388 Total – Storrs and Regional T389 Campus Project List [3,200,000,000] T390 3,279,100,000 T391 T392 Total – Health Center T393 Project List [1,201,300,000] T394 1,332,300,000 T395 T396 TOTAL 382,000,000 868,000,000 [4,401,300,000] T397 4,611,400,000 Sec.

20.

Subdivision (1) of subsection (a) of section 10a-109g of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2026):

sSB85 / File No.

694 21 sSB85 File No.

694 (a) (1) The university is authorized to provide by resolution, at one time or from time to time, for the issuance and sale of securities, in its own name on behalf ofthe state, pursuant to section 10a-109f.

The board of trustees of the university is hereby authorized by such resolution to delegate to its finance committee such matters as it may determine appropriate other than the authorization and maximum amount of the securities to be issued, the nature of the obligation of the securities as established pursuant to subsection (c) of this section and the projects for which the proceeds are to be used.

The finance committee may act on such matters unless and until the board of trustees elects to reassume the same.

The amount of securities the special debt service requirements of which are secured by the state debt service commitment that the board of trustees is authorized to provide for the issuance and sale in accordance with this subsection shall be capped in each fiscal year in the following amounts, provided, to the extent the board of trustees does not provide for the issuance of all or a portion of such amount in a fiscal year, all or such portion, as the case may be, may be carried forward to any succeeding fiscal year and provided further, the actual amount for funding, paying or providing for the items described in subparagraph (C) of subdivision (10) of subsection (a) of section 10a-109d, as amended by this act, may be added to the capped amount in each fiscal year:

T398 Fiscal Year Amount T399 T400 1996 $112,542,000 T401 1997 112,001,000 T402 1998 93,146,000 T403 1999 64,311,000 T404 2000 130,000,000 T405 2001 100,000,000 T406 2002 100,000,000 T407 2003 100,000,000 T408 2004 100,000,000 T409 2005 100,000,000 T410 2006 79,000,000 sSB85 / File No.

694 22 sSB85 File No.

694 T411 2007 89,000,000 T412 2008 115,000,000 T413 2009 140,000,000 T414 2010 0 T415 2011 138,800,000 T416 2012 157,200,000 T417 2013 143,000,000 T418 2014 204,400,000 T419 2015 315,500,000 T420 2016 312,100,000 T421 2017 240,400,000 T422 2018 200,000,000 T423 2019 200,000,000 T424 2020 197,200,000 T425 2021 260,000,000 T426 2022 215,500,000 T427 2023 125,100,000 T428 2024 84,700,000 T429 2025 122,000,000 T430 2026 276,000,000 T431 2027 [192,000,000] 402,100,000 T432 2028 158,500,000 T433 2029 156,500,000 T434 2030 156,000,000 T435 2031 25,000,000 Sec.

21.

Subdivision (3) of subsection (c) of section 9 of public act 12- 189, as amended by section 102 of public act 13-239, section 212 of public act 15-1 of the June special session and section 157 of public act 16-4 of the May special session, is amended to read as follows (Effective July 1, 2026):

(3) For the Department of Housing:

Grant-in-aid to the Connecticut Housing Finance Authority for the purposes of sections 8-265cc to 8- 265ii, inclusive, and section 8-265kk of the general statutes, and to sSB85 / File No.

694 23 sSB85 File No.

694 capitalize down payment assistance issued under the homeownership loan program established pursuant to sections 8-283 to 8-289, inclusive, of the general statutes, not exceeding $38,000,000.

Sec.

22.

Section 306 of public act 22-118, as amended by section 83 of public act 23-205, is amended to read as follows (Effective July 1, 2026):

The State BondCommissionshallhave power,inaccordance withthe provisions of this section and sections 307 to 312, inclusive, of public act 22-118, as amended by this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding [$135,800,000] $60,800,000.

Sec.

23.

Subsection (b) of section 307 of public act 22-118, as amended by section 84 of public act 23-205, is repealed.

(Effective July 1, 2026) Sec.

24.

Section 1 of public act 23-205, as amended by section 103 of public act 25-174, is amended to read as follows (Effective July 1, 2026):

The State BondCommissionshallhave power,inaccordance withthe provisions of this section and sections 2 to 7, inclusive, of public act 23- 205, as amended by this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding [$741,290,000] $745,890,000.

Sec.

25.

19.26.

Subdivision (1) of subsection (n) of section 2 of public act 23- 205 is repealed.

(Effective July 1, 2026) Sec.

27.

Subdivision (2) of subsection (e) of section 13 of public act 23- 205 is repealed and the following is substituted in lieu thereof (Effective sSB85 / File No.

694 24 sSB85 File No.

694 from passage):

(2) Grants-in-aid to local and regional boards of education and municipalities for the purchase, installation and maintenance of water bottle filling stations and automated external defibrillators at schools designated to receive services pursuant to Title I of the Federal Elementary and Secondary Education Act and at buildings owned or leased by a municipality, not exceeding $3,500,000.

Sec.

28.

Section 20 of public act 23-205, as amended by section 46 of public act 24-151, is amended to read as follows (Effective July 1, 2026):

The State BondCommissionshallhave power,inaccordance withthe provisions of this section and sections 21 to 26, inclusive, of public act 23-205, as amended by this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate not exceeding [$514,345,000] $484,345,000.

Sec.

29.

Subdivision (1) of subsection (k) of section 21 of public act 23- 205 is repealed.

(Effective July 1, 2026) Sec.

30.

The State BondCommissionshallhave power,inaccordance withthe provisionsofthissectionandsections2to7,inclusive,of [thisact]public act 25-174, as amended by this act, from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding [$787,405,019] $937,405,019.$906,405,019.

20.31.

21.32.

Subsection (o) of section 2 of public act 25-174 is repealed.

(Effective July 1, 2026) sSB85 / File No.

694 25 sSB85 File No.

694 Sec.

33.

Subdivision (2) of subsection (t) of section 2 of public act 25- 174 is repealed.

(Effective July 1, 2026) Sec.

34.

The State BondCommissionshallhave power,inaccordance withthe provisions of this section and sections 21 to 26, inclusive, of [this act] public act 25-174, as amended by this act, from time to time to authorize LCOthe No.issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding [$552,500,000] $541,500,000.

621 9 of 21 Governor's Bill No85 the issuance of bonds of the state in one or more series and in principal amounts in the aggregate, not exceeding [$552,500,000] $584,500,000.

22.35.

23.36.

(NEW)Subsection (Effective(l) Julyof 1,section 2026)21 (a)of Aspublic usedact in25-174 thisis section:repealed.

(Effective July 1, 2026) Sec.

37.

(NEW) (Effective from passage) (a) As used in this section:

(b) The Connecticut Higher Education Supplemental Loan Authority shall establish, subject to available funding pursuant to subsection (d) of this section, a Supplemental Graduate Loan Program for the purpose of providing authority loans to students who are enrolled in eligible graduate programs and who meet the eligibility criteria as established bysSB85 the/ authority.File No.

694 26 sSB85 File No.

694 by the authority.

(d) The Connecticut Higher Education Supplemental Loan Authority shall maintain a separate, nonlapsing account to hold funds for the LCOSupplemental No.Graduate Student Loan Program.

621 10 of 21 Governor's Bill No.85 Supplemental Graduate Student Loan Program.

24.38.

Section(NEW) 55(Effective July 1, 2026) (a) For the fiscal year ending June 30, 2028, and each fiscal year thereafter, the Department of publicVeterans actAffairs 25-174shall isadminister amendeda program to readprovide asgrants followsto (Effectivemunicipalities Julyand 1,nonprofit 2026):providers of human or social services for capital expenditure projects to place or maintain war or veterans' memorials or monuments.

(a)(b) ForNot thelater purposesthan describedJanuary in1, subsection2027, (b) of this section, the Statedepartment Bond Commission shall havedevelop theeligibility powercriteria from time to timebe toused authorizein theselecting issuanceamong ofapplicants bondsfor ofsuch thegrants, statedevelop inapplication oneforms orand moredeadlines series and post in principalamountsnota exceedingconspicuouslocationonthedepartment'sInternet intheaggregatewebsiteadescription threeof hundredmillionthe dollars,grant providedprogram onehundredthat fiftyincludes, millionbut dollarsis ofnot saidlimited authorizationto, shallsuch becriteria, effectiveforms Julyand 1,deadlines. 2026.

(b)(c)(1)Forthepurposes Thedescribedinsubdivision(2)ofthissubsection, proceeds of the saleState ofBond saidCommission bonds, to the extent of the amount stated in subsection (a) of this section, shall behave used by the Officepower offrom Policytime andto Managementtime for grants-in-aid to municipalitiesauthorize for the purposesissuance set forth in subsection (a) of sectionbonds 13a-175a of the generalstate statutes,forin thefiscalyearsendingone June30,2026,andJune30,2027.Suchor grantmore paymentsseries shalland bein madesSB85 annually/ asFile follows:No.

T1694 Municipalities27 FYsSB85 2026File FY 2027 T2 T3 Andover 2,620 2,620 T4 Ansonia 85,419 85,419 T5 Ashford 3,582 3,582 T6 Avon 261,442 261,442 T7 Barkhamsted 41,462 41,462 T8 Beacon Falls 43,809 43,809 T9 Berlin 1,593,642 1,593,642 T10 Bethany 67,229 67,229 T11 Bethel 282,660 282,660 LCO No.

621694 11principal ofamounts 21not Governor'sexceeding Billin No.the aggregate two million dollars.

85(2) T12The Bethlehemproceeds 7,945of 7,945the T13sale Bloomfieldof 3,201,687such 3,201,687bonds, T14to Boltonthe 24,859extent 24,859of T15the Bozrahamount 138,521stated 138,521in T16subdivision Branford(1) 374,850of 374,850this T17subsection, Bridgeportshall 13,531,564be 13,531,564used T18by Bridgewaterthe 587Department 587of T19Veterans BristolAffairs 4,856,624for 4,856,624the T20purpose Brookfieldof 118,281providing 118,281grants T21to Brooklynmunicipalities 10,379and 10,379nonprofit T22providers Burlingtonof 15,300human 15,300or T23social Canaanservices 20,712for 20,712capital T24expenditure Canterburyprojects 2,022under 2,022subsection T25(a) Cantonof 7,994this 7,994section. T26 Chaplin 601 601 T27 Cheshire 736,700 736,700 T28 Chester 89,264 89,264 T29 Clinton 191,674 191,674 T30 Colchester 39,009 39,009 T31 Colebrook 550 550 T32 Columbia 26,763 26,763 T33 Cornwall - - T34 Coventry 10,533 10,533 T35 Cromwell 31,099 31,099 T36 Danbury 15,027,544 15,027,544 T37 Darien - - T38 Deep River 104,136 104,136 T39 Derby 14,728 14,728 T40 Durham 153,897 153,897 T41 East Granby 1,096,577 1,096,577 T42 East Haddam 1,696 1,696 T43 East Hampton 18,943 18,943 T44 East Hartford 8,052,926 8,052,926 T45 East Haven 43,500 43,500 T46 East Lyme 22,442 22,442 T47 East Windsor 295,024 295,024 T48 Eastford 54,564 54,564 T49 Easton 2,660 2,660 T50 Ellington 223,527 223,527 T51 Enfield 256,875 256,875 T52 Essex 74,547 74,547 LCO No.

621(3)Allprovisionsofsection3-20ofthegeneralstatutes,ortheexercise 12 of 21any Governor'sright Billor No.85power T53granted Fairfieldthereby, 96,747that 96,747are T54not Farmingtoninconsistent 545,804with 545,804the T55provisions Franklinof 23,080this 23,080section T56are Glastonburyhereby 240,799adopted 240,799and T57shall Goshenapply 2,648to 2,648all T58bonds Granbyauthorized 35,332by 35,332the T59State GreenwichBond 89,022Commission 89,022pursuant T60to Griswoldthis 31,895section. 31,895 T61 Groton (Town of) 2,362,532 2,362,532 T62 Guilford 64,848 64,848 T63 Haddam 3,554 3,554 T64 Hamden 286,689 286,689 T65 Hampton - - T66 Hartford 9,419,161 9,419,161 T67 Hartland 955 955 T68 Harwinton 21,506 21,506 T69 Hebron 2,216 2,216 T70 Kent - - T71 Killingly 1,228,578 1,228,578 T72 Killingworth 5,148 5,148 T73 Lebanon 30,427 30,427 T74 Ledyard 421,085 421,085 T75 Lisbon 3,683 3,683 T76 Litchfield 3,432 3,432 T77 Lyme - - T78 Madison 6,795 6,795 T79 Manchester 2,981,068 2,981,068 T80 Mansfield 6,841 6,841 T81 Marlborough 7,313 7,313 T82 Meriden 1,663,015 1,663,015 T83 Middlebury 84,264 84,264 T84 Middlefield 248,652 248,652 T85 Middletown 3,966,295 3,966,295 T86 Milford 2,257,853 2,257,853 T87 Monroe 179,106 179,106 T88 Montville 528,644 528,644 T89 Morris 3,528 3,528 T90 Naugatuck 341,656 341,656 T91 New Britain 2,864,920 2,864,920 T92 New Canaan 200 200 T93 New Fairfield 1,149 1,149 LCO No.

621Temporary 13notes ofin 21anticipation Governor'sof Billthe No.85money T94to Newbe Hartfordderived 139,174from 139,174the T95sale Newof Havenany 10,214,643such 10,214,643bonds T96so Newauthorized Londonmay 2,033,169be 2,033,169issued T97in Newaccordance Milfordwith 1,298,881section 1,298,8813-20 T98of Newingtonthe 1,785,740general 1,785,740statutes T99and Newtownfrom 235,371time 235,371to T100time Norfolkrenewed. 7,207 7,207 T101 North Branford 301,074 301,074 T102 North Canaan 359,719 359,719 T103 North Haven 2,249,113 2,249,113 T104 North Stonington - - T105 Norwalk 10,402,915 10,402,915 T106 Norwich 187,132 187,132 T107 Old Lyme 1,888 1,888 T108 Old Saybrook 46,717 46,717 T109 Orange 104,962 104,962 T110 Oxford 84,313 84,313 T111 Plainfield 144,803 144,803 T112 Plainville 541,936 541,936 T113 Plymouth 152,434 152,434 T114 Pomfret 27,820 27,820 T115 Portland 90,840 90,840 T116 Preston - - T117 Prospect 70,942 70,942 T118 Putnam 171,800 171,800 T119 Redding 1,329 1,329 T120 Ridgefield 561,986 561,986 T121 Rocky Hill 221,199 221,199 T122 Roxbury 602 602 T123 Salem 4,699 4,699 T124 Salisbury 83 83 T125 Scotland 7,681 7,681 T126 Seymour 281,186 281,186 T127 Sharon - - T128 Shelton 584,121 584,121 T129 Sherman - - T130 Simsbury 77,648 77,648 T131 Somers 82,324 82,324 T132 South Windsor 2,187,387 2,187,387 T133 Southbury 20,981 20,981 T134 Southington 1,427,348 1,427,348 LCO No.

621 14 of 21 Governor's Bill No.

85 T135 Sprague 386,528 386,528 T136 Stafford 437,917 437,917 T137 Stamford 1,154,179 1,154,179 T138 Sterling 24,398 24,398 T139 Stonington 100,332 100,332 T140 Stratford 5,784,708 5,784,708 T141 Suffield 180,663 180,663 T142 Thomaston 395,346 395,346 T143 Thompson 76,733 76,733 T144 Tolland 85,064 85,064 T145 Torrington 605,345 605,345 T146 Trumbull 189,309 189,309 T147 Union - - T148 Vernon 151,598 151,598 T149 Voluntown 2,002 2,002 T150 Wallingford 3,481,872 3,481,872 T151 Warren 288 288 T152 Washington 158 158 T153 Waterbury 9,935,497 9,935,497 T154 Waterford 34,255 34,255 T155 Watertown 642,281 642,281 T156 West Hartford 805,784 805,784 T157 West Haven 147,516 147,516 T158 Westbrook 267,405 267,405 T159 Weston 453 453 T160 Westport - - T161 Wethersfield 21,785 21,785 T162 Willington 20,018 20,018 T163 Wilton 842,618 842,618 T164 Winchester 306,204 306,204 T165 Windham 454,575 454,575 T166 Windsor 2,075,052 2,075,052 T167 Windsor Locks 2,784,595 2,784,595 T168 Wolcott 234,916 234,916 T169 Woodbridge 29,920 29,920 T170 Woodbury 56,908 56,908 T171 Woodstock 68,767 68,767 T172 Jewett City (Bor.) 4,195 4,195 T173 Barkhamsted FD 2,500 2,500 T174 Berlin - Kensington FD 11,389 11,389 T175 Berlin - Worthington FD 941 941 LCO No.

621 15 of 21 Governor's Bill No.85 T176 Bloomfield Center FD 4,173 4,173 T177 Bloomfield Blue Hills FD 103,086 103,086 T178 Cromwell FD 1,832 1,832 T179 Enfield FD 1 14,636 14,636 T180 Enfield Thompsonville FD 2 3,160 3,160 T181 Enfield Hazardville Fire #3 1,373 1,373 T182 Enfield N Thompsonville FD 4 69 69 T183 Enfield Shaker Pines FD 5 6,403 6,403 T184 Groton City 164,635 164,635 T185 Groton Sewer 1,688 1,688 T186 Groton Old Mystic FD 5 1,695 1,695 T187 Groton Poq.

Bridge FD 22,300 22,300 T188 Killingly Attawaugan FD 1,836 1,836 T189 Killingly Dayville FD 42,086 42,086 T190 Killingly Dyer Manor 1,428 1,428 T191 E.

Killingly FD 95 95 T192 So.

Killingly FD 189 189 T193 Killingly Williamsville FD 6,710 6,710 T194 Middletown South FD 207,080 207,080 T195 Middletown Westfield FD 10,801 10,801 T196 Middletown City Fire 33,838 33,838 T197 New Htfd.

Village FD #1 7,259 7,259 T198 New Htfd South End FD 10 10 T199 Plainfield Central Village FD 1,466 1,466 T200 Plainfield - Moosup FD 2,174 2,174 T201 Plainfield Plainfield FD 1,959 1,959 T202 Plainfield Wauregan FD 5,136 5,136 T203 Pomfret FD 1,032 1,032 T204 Putnam:

E.

Putnam FD 10,109 10,109 T205 Simsbury FD 2,638 2,638 T206 Stafford Springs Service Dist.

15,246 15,246 T207 Sterling FD 1,293 1,293 T208 Stonington Mystic FD 600 600 T209 Stonington Old Mystic FD 2,519 2,519 T210 Stonington Pawcatuck FD 5,500 5,500 T211 Stonington Quiambaug FD 72 72 T212 Stonington Wequetequock FD 73 73 T213 Trumbull Center 555 555 T214 Trumbull Long Hill FD 1,105 1,105 T215 Trumbull Nichols FD 3,435 3,435 T216 W.

Haven:

West Shore FD 34,708 34,708 LCO No.

621 16 of 21 Governor's Bill No.85 T217 W.

Haven:

Allingtown FD 21,515 21,515 T218 West Haven First Ctr FD 1 4,736 4,736 T219 Windsor Wilson FD 214 214 T220 Windsor FD 14 14 T221 Windham First 8,929 8,929 T222 Total 150,000,000 150,000,000 (c)Allprovisionsofsection3-20ofthegeneralstatutes,ortheexercise of any right or power granted thereby, that 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.

None of saidsuch bonds shall be authorized except upon a finding by the State Bond Commission that theretherehasbeenfiledwithitarequestforsuchauthorizationthatissigned 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.

SaidSuch bonds issued pursuant to this section shall bebegeneralobligationsofthestateandthefullfaithandcredit generalofthestate 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 saidsuch bonds as the same become due, and accordingly and as part of the contract of the state with the holders of saidsuch 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.

(d) Not later than SeptemberJanuary 1, 2026,2028, and Septemberannually 1,thereafter, 2027, each town or district that received funds pursuant to this section in the precedingdepartment fiscal year shall submit a reportreport, toin accordance with the Commissionerprovisions of Transportation,section in11-4a of the formgeneral andstatutes, mannerto prescribed by the commissioner,joint detailingstanding thecommittee amount of suchtheGeneralAssembly fundshaving expendedcognizance inofmattersrelatingtoveterans' suchsSB85 LCO/ File No.

621694 1728 ofsSB85 21File Governor'sNo. Bill No.85 fiscal year for each of the usages enumerated in subsection (a) of section 13a-175a of the general statutes or approved pursuant to this section.

Any694 townand ormilitary districtaffairs. that fails to timely submit the annual report required by this subsection shall pay a penalty to the state in an amount equal to ten per cent of the funds awarded to such town or district pursuant to this section in the preceding fiscal year.

TheSuch Secretaryreport ofshall theinclude Officeinformation offor Policythe andpreceding Managementcalendar may,year inon the secretary'snumber discretion,of waiveapplications suchfor penaltygrants ifthat thewere townreceived, orthe districtnumber submitsof suchgrants reportthat towere theawarded commissionerand aftera itslist respectiveof duethe datemunicipalities and providesnonprofit proofproviders of suchhuman submissionor tosocial theservices secretary.that received grants.

25.39.

(NEW) (Effective July 1, 2026) (a) For the purposes of this section:

(1)"Eligible homeowner"meansapersonwho (A)ownsandoccupies a residential property in the state as such individual's primary residence, (B) is sixty years of age or older or a person with a disability, and (C) has a household income at or below sixty per cent of the median household income for the area in which such individual resides, as determined by the Commissioner of Aging and Disability Services;

and (2) "Accessibility modification" means physical alteration made to residential property to improve usability, safety and independence for a person who is elderly or a person with a disability.

(b)The CommissionerofAgingandDisability Servicesshallestablish an aging-in-place program to provide grants-in-aid to an eligible homeowner for the purpose of making accessibility modifications that enable such homeowner to remain in such homeowner's primary residence.

Any grant awarded under this section shall not exceed ten thousand dollars per eligible homeowner.

The commissioner shall establish (1) the application form and process for such program, and (2) the criteria for accessibility modifications and for awarding grants.

(c) The commissioner may adopt regulations, in accordance with the provisionsofchapter54ofthegeneralstatutes,tocarryoutthepurposes of this section.

Sec.

40.

Subdivision (2) of section 8-265ccc of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2026):

(2) The loan shall (A) be secured by a mortgage deed on the eligible sSB85 / File No.

694 29 sSB85 File No.

694 borrower's residential buildings and all related improvements under development by the eligible borrower, (B) be made in accordance with the eligible financial institution's underwriting policy and standards, except that the loan may have a loan-to-value ratio in excess of typical underwriting standards, and (C) bear interest at a rate that does not exceed the [applicable] prime rate [of the Federal Home Loan Bank of Boston for short-term or long-term advances through the New England Fund program.

For the purposes of this subdivision, "applicable rate" means the New England Fund rate that (i) is] published [on the Internet web site of the Federal Home Loan Bank of Boston] by The Wall Street Journal as of the date the interest rate is locked in by the eligible borrower and eligible financial institution.

[, and (ii) has an advance term that most closely corresponds to the term of the loan being made by the participating eligible financial institution.] Sec.

41.

Section 8-265eee of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2026):

Under the program administered by the authority pursuant to subsection (a) of section 8-265bbb, the authority may, within available resources allocated by the State Bond Commission, make loans or issue grants-in-aid to eligible borrowers that are inaddition to the loans made to such eligible borrowers by eligible financial institutions pursuant to section 8-265ccc, as amended by this act.

The loans made by the authority (1) may be (A) amortizing, (B) deferred, or (C) forgivable as to principal and interest, and (2) shall be [(1)] (A) subordinate to the loans made by eligible financial institutions, and [(2)] (B) subject to such terms as the authority may establish, including, but not limited to, loan amounts, interest rates and terms to maturity.

The grants-in-aid issued by the authority shall be subject to such terms as the authority may establish.

Sec.

42.

Section 13a-175a of the 2026 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2026):

sSB85 / File No.

694 30 sSB85 File No.

694 (a) For each fiscal year there shall be allocated twelve million five hundred thousand dollars out of the funds appropriated to the Department of Transportation, or from any other source, not otherwise prohibited by law, to be used by the towns for (1) [for] the construction, reconstruction, improvement and maintenance of highways, sections of highways, bridges and structures incidental to highways and bridges, including (A) construction, reconstruction, improvements and maintenance intended to increase resiliency against increased precipitation, flooding, sea level rise and extreme heat, and (B) the plowing of snow, the sanding of icy pavements, the trimming and removaloftrees,theinstallation,replacementandmaintenanceoftraffic signs, signals and markings, (2) [for] the purchase and maintenance of equipment used for the purposes described in subdivision (1) of this subsection, including, but not limited to, street sweepers, roadside mowing and vegetation management equipment, snow removal and de-icing equipment and equipment to clean catch basins, (3) traffic control and vehicular safety programs, traffic and parking planning and administration, and other purposes and programs related to highways, traffic and parking, and [(3) for] (4) the purposes of providing and operating essential public transportation services and related facilities.

(b) Notwithstanding the provisions of subsection (a) of this section, the Secretary of the Office of Policy and Management, in the secretary's discretion, may approve the use of funds by a town for purposes other than those enumerated in said subsection.

(c) Not later than September 1, 2022, and annually thereafter, each town or district that received funds pursuant to subsection (a) of this section in the preceding fiscal year shall submit a report to the Commissioner of Transportation, in the form and manner prescribed by the commissioner, detailing the amount of such funds expended in such fiscal year for each of the usages enumerated in said subsection or approved pursuant to subsection (b) of this section.

(d)TheSecretaryoftheOfficeofPolicyandManagementshallreduce the grant payable to a town or district in accordance with subsection (a) sSB85 / File No.

694 31 sSB85 File No.

694 of this section by ten per cent in any fiscal year that the town or district fails to timely submit the report required by subsection (c) of this section.

The secretary shall waive such reduction if the town or district submits such report after the due date and provides proof of such submission to the secretary.

Sec.

43.

[(5)] (6) "RRIF loan agreement" means a loan agreement or other LCOcredit No.agreement by and between the state as the borrower and the United States Department of Transportation as the lender, pursuant to which a loan or other form of financial assistance is made by said department to the state in accordance with RRIF;

621[(6)] 18(7) of"Special 21 Governor's Bill No85 credit agreement by and between the state as the borrower and the United States Department of Transportation asFund" themeans lender, pursuant to which a loan or other form of financial assistance is made by said department to the stateSpecial insSB85 accordance/ withFile RRIF;No.

[(6)]694 (7)32 "SpecialsSB85 TransportationFile Fund"No. means the Special Transportation Fund established pursuant to section 13b-68;

694 Transportation Fund established pursuant to section 13b-68;

(c) Special tax obligation bonds may be issued pursuant to sections 13b-74 to 13b-77, inclusive, to evidence and secure loans or other forms LCOof No.financial assistance made [by the United States Department of Transportation] to the state under [one or more] any federal program.

621 19 of 21 Governor's Bill No85 of financial assistance made [by the United States Department of Transportation] to the state under [one or more] any federal program.

(d)sSB85 The/ debtFile serviceNo. requirements and any other obligations with respect to any federal transportation bonds shall be secured by a lien on the pledged revenues as they are received by the state and credited to the Special Transportation Fund.

694 33 sSB85 File No.

694 (d) The debt service requirements and any other obligations with respect to any federal transportation bonds shall be secured by a lien on the pledged revenues as they are received by the state and credited to the Special Transportation Fund.

LCOThis No.act shall take effect as follows and shall amend the following sections:

621 20 of 21 Governor's Bill No.

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

6 July 1, 2026 New section Sec.sSB85 / File No.

694 34 sSB85 File No.

694 Sec.

8 Julyfrom 1,passage 2026 New section July 1, 2026 Sec.

9 from passage New section Sec.

10 Julyfrom 1,passage 2026 New section from passage Sec.

11 July 1, 2026 New section Sec.

12 Julyfrom 1,passage 2026 New section Sec.

13 Julyfrom 1,passage 2026 New section Sec.

14 Julyfrom 1,passage 2026 New section Sec.

15 Julyfrom 1,passage 2026 New section Sec.

17 July 1, 2026 PARepealer 23-205,section July 1, 2026 Sec.

18 10a-109d(a)(10) Sec.

19 July 1, 2026 10a-109e(a) Sec.

20 July 1, 2026 10a-109g(a)(1) Sec.

21 July 1, 2026 PA 12-189, Sec.

9(c)(3) Sec.

22 July 1, 2026 PA 22-118, Sec.

306 Sec.

23 July 1, 2026 Repealer section Sec.

24 July 1, 2026 PA 23-205, Sec.

1825 July 1, 2026 PA 23-205, Sec.

1926 July 1, 2026 PARepealer 25-174,section Sec.

27 from passage PA 23-205, Sec.

13(e)(2) Sec.

28 July 1, 2026 PA 23-205, Sec.

20 Sec.

29 July 1, 2026 Repealer section Sec.

30 July 1, 2026 PA 25-174, Sec.

2031 July 1, 2026 PA 25-174, Sec.

2132 July 1, 2026 PARepealer 25-174,section Sec.

33 July 1, 2026 Repealer section Sec.

34 July 1, 2026 PA 25-174, Sec.

2235 July 1, 2026 PA 25-174, Sec.

2336 July 1, 2026 NewRepealer section Sec.

2437 Julyfrom 1,passage 2026New PAsection 25-174, Sec.

5538 July 1, 2026 New section Sec.

2539 July 1, 2026 13b-78New Statementsection ofSec. Purpose:

To40 implementJuly the1, Governor's2026 budget8-265ccc(2) recommendations.Sec.

[Proposed41 deletionsJuly are1, enclosed2026 in8-265eee brackets.Sec.

Proposed42 additionsJuly are1, indicated2026 by13a-175a underline,Sec. 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.] LCO No.

62143 21July of1, 212026 13b-78 FIN Joint Favorable Subst.

sSB85 / File No.

694 35 sSB85 File No.

694 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:

Agency Affected Fund-Effect FY 27 $ FY 28 $ Treasurer, Debt Serv.

GF - Cost See Below See Below Note:

GF=General Fund Municipal Impact:

None Explanation Table 1 summarizes the increases and reductions in General Obligation (GO) bond authorizations.

Table 1:

Increases and Reductions to GO Bond Authorizations (in millions of dollars) Description FY 27 $ General Obligation (GO) Bonds New or Increased Authorizations* 555.2 Reductions to Current or Pending Authorizations -255.1 NET TOTAL CHANGE TO GO BONDS 300.1 *$30 million of the $555.2 million amount is effective from passage, rather than the start of FY 27.

If all GO bonds authorized by the bill are allocated by the State Bond Commission and issued by the Office of the State Treasurer, total debt repayment for the net increase in authorizations is estimated at $457.7 million over the 20-year duration of the bonds.

sSB85 / File No.

694 36 sSB85 File No.

694 The Out Years The annualized ongoing fiscal impacts identified above would continue into the future subject to the terms of any bonds issued.

sSB85 / File No.

694 37 sSB85 File No.

694 OLR Bill Analysis sSB 85 AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE, CONCERNING THE UCONN 2000 PROGRAM AND ESTABLISHING GRANT PROGRAMS FOR SUPPLEMENTAL GRADUATE STUDENT LOANS, WAR OR VETERANS' MEMORIALS OR MONUMENTS AND AGING-IN-PLACE.

TABLE OF CONTENTS:

SUMMARY §§ 1-7 — NEW BOND AUTHORIZATIONS FOR STATE CAPITAL PROJECTS Authorizes new state GO bonds for FY 27 for various state capital projects §§ 8-15 & 37 — SUPPLEMENTAL GRADUATE LOAN PROGRAM Creates the Supplemental Graduate Loan Program to provide loans to eligible graduate students and authorizes $30 million in GO bonds for the program §§ 16, 24, 25, 30, 31 & 35 — BOND AUTHORIZATIONS FOR PREVIOUSLY ENACTED PROGRAMS AND GRANTS Increases bond authorizations for various existing grants and purposes by authorizing new bonding for these purposes in FY 27 §§ 17-20, 24, 26, 28-30, 32-34 & 36 — UCONN RELATED BOND CHANGES Cancels and adds various bond authorizations for specified programs and projects related to UConn, including the UConn 2000 infrastructure program § 21 — CONNECTICUT HOUSING FINANCE AUTHORITY BOND AUTHORIZATION ALLOWABLE USES Expands the allowable uses of an existing bond authorization for the Connecticut Housing Finance Authority §§ 22 & 23 — OTHER BOND CANCELLATION Cancels a $75 million bond authorization to OPM for state matching funds for projects and programs allowed under the federal Infrastructure Investment and Jobs Act or the Inflation Reduction Act of 2022 § 27 — CHANGES TO DEPARTMENT OF PUBLIC HEALTH GRANT PROGRAM Modifies a bond-funded DPH grant program for water bottle filling stations at certain schools by making municipalities eligible and expanding allowable grant uses to include automated external defibrillators sSB85 / File No.

694 38 sSB85 File No.

694 § 38 — GRANTS PROGRAM FOR WAR OR VETERANS’ MEMORIALS OR MONUMENTS Requires DVA to administer a grant program for capital expenditure projects to place or maintain war or veterans’ memorials or monuments;

authorizes $2 million in GO bonds for the program § 39 — AGING-IN-PLACE GRANT PROGRAM Creates a grant program to aid certain homeowners with making accessibility modifications so they can remain in their primary residences §§ 40 & 41 — “HOMES FOR CT” LOAN PROGRAM CHANGES Makes several changes to the “Homes for CT” loan program, including modifying the interest rate used to set the cap on what participating lenders may charge § 42 — TOWN AID ROAD GRANTS Expands the purposes for which municipalities may use Town Aid Road grants, allowing them to buy certain equipment § 43 — FEDERAL TRANSPORTATION LOAN PROGRAM ASSISTANCE AND STATE SPECIAL TAX OBLIGATION BONDS Allows certain state transportation bonds issued under a federal program to mature at any time allowed under the federal program, but not longer than the useful life of the projects being financed SUMMARY This bill (1) authorizes new state general obligation (GO) bonds and new bond programs;

(2) adjusts several existing bonds and bond programs;

and (3) makes various other changes, including to the UConn infrastructure program, as summarized in the section-by-section analysis that follows.

EFFECTIVE DATE:

Various, see below.

§§ 1-7 — NEW BOND AUTHORIZATIONS FOR STATE CAPITAL PROJECTS Authorizes new state GO bonds for FY 27 for various state capital projects The bill authorizes new GO bonds for FY 27 for the state capital projects listed in the table below.

The bonds are subject to standard issuance procedures and have a maximum term of 20 years.

Table:

New GO Bond Authorizations for FY 27 for State Capital Projects § Agency Project Amount 2(a) Department of Replace the current fleet garage in $20,000,000 Administrative Wethersfield, including site acquisition, sSB85 / File No.

694 39 sSB85 File No.

694 § Agency Project Amount Services (DAS) planning activities, and construction costs 2(b) Department of Purchase, construct, and maintain a new 1,500,000 Emergency Services mesonet system (a network of automated and Public Protection real-time weather stations) 2(c) Department of Security upgrades, including new doors, 10,000,000 Correction information technology upgrades, security cameras, and other work to ensure the safety of the department’s employees and inmates Electronic health records systems, including10,000,000 digital medical care request systems, devices, and access points 2(d) Department of Energy Natural diversity data base mapping 5,000,000 and Environmental enhancements and other information Protection technology resources to streamline the department’s permitting and environmental review processes EFFECTIVE DATE:

July 1, 2026 §§ 8-15 & 37 — SUPPLEMENTAL GRADUATE LOAN PROGRAM Creates the Supplemental Graduate Loan Program to provide loans to eligible graduate students and authorizes $30 million in GO bonds for the program The bill requires the Connecticut Higher Education Supplemental Loan Authority (CHESLA) to create, subject to available funding, a Supplemental Graduate Loan Program to provide loans to eligible graduate students.

It makes the program’s loans available to students in or from the state who are enrolled in an eligible advanced academic or professional degree program, as determined by CHESLA, that is pursued after earning a bachelor’s degree.

The bill requires CHESLA to adopt eligibility criteria and administrative guidelines for the new loan programunder itsboardofdirectors’ existingauthorityto adopt written procedures for CHESLA’s loans.

The bill authorizes $30 million in new GO bonds for FY 26 for the program.

The bonds are subject to standard issuance procedures and have a maximum term of 20 years.

The bill includes a standard provision requiring that, as a condition of bond authorizations for grants to private entities, each granting agency include repayment sSB85 / File No.

694 40 sSB85 File No.

694 provisions in its grant contract in case the facility for which the grant is made stops being used for the grant purposes within 10 years of the grantee receiving it.

The required repayment is reduced by 10% for each full year that the facility is used for the grant purpose.

Additionally, the bill requires CHESLA to have a separate, non- lapsing program account to contain program funds, including appropriations and bond proceeds.

The account must be used to issue program loans and for the program’s reasonable and necessary administrative expenses.

EFFECTIVE DATE:

Upon passage Background — Related Bill sSB 8 (File 3), favorably reported by the Higher Education and Employment Advancement Committee, establishes a substantially similar CHESLA loan program for graduate students and also authorizes $30 million in GO bonds for the program, while additionally carving out at least $60 million from the state’s private activity bond cap for CHESLA, and increasing, from $300 million to $750 million, the maximum amount of CHESLA’s bonds backed by a special capital reserve fund that can be outstanding at any time.

§§ 16, 24, 25, 30, 31 & 35 — BOND AUTHORIZATIONS FOR PREVIOUSLY ENACTED PROGRAMS AND GRANTS Increases bond authorizations for various existing grants and purposes by authorizing new bonding for these purposes in FY 27 The bill increases bond authorizations for various existing grants and purposes by authorizing new bonding for these purposes in FY 27, as shown in the table below.

It also makes conforming changes to the corresponding bond supertotals.

Table:

FY 27 Authorizations for Previously Enacted Programs and Grants § Agency Purpose/Fund FY 27 DAS School construction projects $50,000,000 Office of the Facility design, alterations, renovatio34,600,000 Chief Medical additions, and construction, including land Examiner acquisition sSB85 / File No.

694 41 sSB85 File No.

694 § Agency Purpose/Fund FY 27 Connecticut Design and construction of a new Windh150,000,000 Technical Technical High School Education and Career System DAS Purchase of equipment, minor improvemen32,000,000 and other associated costs for a new data center EFFECTIVE DATE:

July 1, 2026 §§ 17-20, 24, 26, 28-30, 32-34 & 36 — UCONN RELATED BOND CHANGES Cancels and adds various bond authorizations for specified programs and projects related to UConn, including the UConn 2000 infrastructure program The bill makes several changes to bond authorizations for programs and projects related to UConn, including effectively transferring several current GO bond authorizations to the UConn 2000 infrastructure program.

(By law, bondsissuedaspart oftheUConn 2000infrastructure program are excluded from the state’s cap on bond issuances (CGS § 3- 21(f)(2)).) The bill repeals a law authorizing $46.1 million in GO bonds over a five-year period (FY 22 through FY 26) for a program to generally facilitate recruiting eminent faculty and their research staffs to the university, while simultaneously authorizing the same bonding amount for this program under Phase III of the UConn 2000 infrastructure program (this phase covers FYs 05 through 31).

The bill similarly cancels current GO bond authorizations to the UConn Health Center for (1) deferred maintenance, code compliance, and infrastructure improvements ($30 million each in FYs 24, 25, and 27), (2) system telecommunications infrastructure upgrades, improvements, and expansions ($3 million each in FYs 26 and 27), and (3) equipment, library collections, and telecommunications ($25 million in FY 26 and $10 million in FY 27), while also authorizing for the health center, under UConn 2000 Phase III, (1) $90 million, (2) $6 million, and (3) $35 million, respectively, for the same purposes.

Lastly, the bill eliminates a current $3 million GO bond authorization for FY 26 to sSB85 / File No.

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694 UConn for improvements to digital learning infrastructure at a regional campus while also authorizing the same amount for the same purpose under UConn 2000 Phase III.

For these eliminated authorizations, the bill makes conforming changes to the corresponding bond supertotals.

The table below lists these and other changes to Phase III project authorizations.

The bill correspondingly increases the UConn 2000 program’s total bond authorization and FY 27 bond cap by $210.1 million.

Table:

Changes to UConn 2000 Phase III Project Authorizations (in Millions) Project Current New Change Authorization Authorization Digital learning infrastructure $0 $3 $3 improvements at a regional campus Equipment, library collections, and 470 480 10 telecommunications Lab renovations and equipment 0 20 20 Program to recruit eminent faculty and 0 46.1 46.1 research staff Deferred maintenance, code compliance, 0 90 90 and infrastructure improvements – Health Center Equipment, library collections, and 75 110 35 telecommunications – Health Center System telecommunications infrastructure 0 6 6 upgrades, improvements, and expansions – Health Center EFFECTIVE DATE:

July 1, 2026 § 21 — CONNECTICUT HOUSING FINANCE AUTHORITY BOND AUTHORIZATION ALLOWABLE USES Expands the allowable uses of an existing bond authorization for the Connecticut Housing Finance Authority The bill allows the Connecticut Housing Finance Authority (CHFA) to use an existing bond authorization (1) to capitalize assistance issued under its Down Payment Assistance Program (DAP) or (2) for its Emergency Mortgage Assistance Program (EMAP).

Under current law, only the latter use is permitted.

sSB85 / File No.

694 43 sSB85 File No.

694 EMAP provides emergency mortgage assistance or emergency lien assistance to eligible homeowners who have fallen behind (or anticipate falling behind) on their mortgage payment or non-mortgage expenses due to a financial hardship beyond their control.

DAP generally seeks to help first-time homebuyers by providing subordinate mortgage loans to eligible borrowers for down payment or closing cost assistance (or both).

EFFECTIVE DATE:

July 1, 2026 Background — Related Bill sHB 5162 (File 89), favorably reported by the Housing Committee, is identical to this provision.

§§ 22 & 23 — OTHER BOND CANCELLATION Cancels a $75 million bond authorization to OPM for state matching funds for projects and programs allowed under the federal Infrastructure Investment and Jobs Act or the Inflation Reduction Act of 2022 The bill cancels a $75 million GO bond authorization to the Office of Policy and Management (OPM) for state matching funds for projects and programs allowed under the federal Infrastructure Investment and Jobs Act or the Inflation Reduction Act of 2022.

It also makes a conforming change to the corresponding bond supertotal.

EFFECTIVE DATE:

July 1, 2026 § 27 — CHANGES TO DEPARTMENT OF PUBLIC HEALTH GRANT PROGRAM Modifies a bond-funded DPH grant program for water bottle filling stations at certain schools by making municipalities eligible and expanding allowable grant uses to include automated external defibrillators Existing law authorizes $3.5 million in GO bonds to the Department of Public Health (DPH) for grants to local and regional boards of education to purchase, install, and maintain water bottle filling stations at schools designated to receive services under Title I of the federal Elementary and Secondary Education Act.

The bill (1) extends grant eligibility to municipalities;

(2) allows these grants to also be used to purchase, install, and maintain automated external defibrillators;

and sSB85 / File No.

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694 (3) expands where the two types of devices may be installed to also include buildings a municipality owns or leases.

EFFECTIVE DATE:

Upon passage § 38 — GRANTS PROGRAM FOR WAR OR VETERANS’ MEMORIALS OR MONUMENTS Requires DVA to administer a grant program for capital expenditure projects to place or maintain war or veterans’ memorials or monuments;

authorizes $2 million in GO bonds for the program The bill requires the Department of Veterans Affairs (DVA), starting in FY 28, to administer a grant program for municipalities and nonprofits providing human or social services for capital expenditure projects to place or maintain war or veterans’ memorials or monuments.

It authorizes $2 million in GO bonds and requires DVA to use the proceeds for the grant program the bill establishes.

The bonds are subject to standard statutory bond issuance procedures and repayment requirements.

By January 1, 2027, DVA must (1) develop (a) eligibility criteria for selecting among grant applicants and (b) related application forms and deadlines, and (2) conspicuously post this information on its website.

The bill also requires DVA, starting by January 1, 2028, to annually reporttotheVeterans’andMilitaryAffairsCommitteewithinformation for the preceding calendar year on the number of grant applications received, the number of grants awarded, and a list of the municipalities and nonprofits that received grants.

EFFECTIVE DATE:

July 1, 2026 Background — Related Bill sHB 5298 (File 140), favorably reported by the Veterans’ and Military Affairs Committee, has identical provisions that are effective October 1, 2026.

§ 39 — AGING-IN-PLACE GRANT PROGRAM Creates a grant program to aid certain homeowners with making accessibility modifications so they can remain in their primary residences sSB85 / File No.

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694 The bill requires the aging and disability services commissioner to create an aging-in-place program to give grants to eligible homeowners for making accessibility modifications that enable them to remain in their primary residences.

Under the bill, an “eligible homeowner” is someone who (1) owns and occupies a residential property in Connecticut as his or her primary residence, (2) is at least age 60 or a person with a disability, and (3) has a household income no greater than 60% of the median household income for the area in which he or she resides, as determined by the commissioner.

An “accessibility modification” is a physical alteration made to residential property to improve usability, safety, and independence for a person who is elderly or a person with a disability.

The bill caps grants at $10,000 per eligible homeowner.

It also (1) requires the commissioner to create the program’s application form and process, including the criteria for accessibility modifications and for awarding grants, and (2) allows her to adopt regulations to carry out the program.

EFFECTIVE DATE:

July 1, 2026 §§ 40 & 41 — “HOMES FOR CT” LOAN PROGRAM CHANGES Makes several changes to the “Homes for CT” loan program, including modifying the interest rate used to set the cap on what participating lenders may charge The bill makes several changes to the “Homes for CT” loan program, a CHFA-administered program established under the FYs 26-27 bond act to help owners and developers get funding to build new residential buildings.

Under the program, participating banks and credit unions make loans to eligible borrowers and CHFA guarantees repayment, up to specified amounts.

The law also authorizes CHFA, within available resources, to make additional subordinate loans to Homes for CT borrowers subject to any terms it sets, such as interest rates and maturity.

The bill caps the interest rate participating lenders may charge under the program at the Wall Street Journal prime rate on the date the sSB85 / File No.

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694 borrower and bank or credit union lock in the rate, rather than a specified Federal Home Loan Bank of Boston (FHLBank Boston) rate on that date, as current law requires.

The current cap is the FHLBank Boston’s New England Fund rate for short- or long-term advances, based on the advance term that most closely matches the loan’s term.

The bill also:

1.

specifies that the CHFA loans to Homes for CT borrowers may beamortizing, deferred,or forgivableasto principalandinterest;

2.

authorizes CHFA to make grants to Homes for CT borrowers, subject to terms it sets;

and 3.

limits CHFA’s authority to provide these loans and grants to available resources allocated by the State Bond Commission.

By law, “Homes for CT” loans must be used for expenses needed to complete residential building construction or build related improvements that CHFA determines are necessary.

The program may issue up to $100 million in loans and pay up to $10 million to honor loan guarantees.

The FYs 26-27 bond act authorizes up to $20 million in GO bonds for FYs 26 and 27 for the program.

EFFECTIVE DATE:

July 1, 2026 Background — Related Bill HB5314 (File 110),favorably reportedbytheBanking Committeeand passed by the House, has identical provisions.

§ 42 — TOWN AID ROAD GRANTS Expands the purposes for which municipalities may use Town Aid Road grants, allowing them to buy certain equipment The bill expands the purposes for which municipalities may use Town Aid Road (TAR) grants, allowing them to buy certain equipment.

Existing law allows towns to use these grants to do specified work, which includes building and maintaining highways and bridges.

Under the bill, towns may also use TAR grant funds to buy and maintain sSB85 / File No.

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694 equipment to do that work, such as equipment for street sweeping, roadside mowing, vegetation management, snow and ice removal, and cleaning catch basins.

Under existing law, unchanged by the bill, the OPM secretary may approve a town’s request to use grant funds for other purposes.

EFFECTIVE DATE:

July 1, 2026 Background — Related Bill HB 5501 (File 273), favorably reported by the Planning and Development Committee, has identical provisions that are effective October 1, 2026.

§ 43 — FEDERAL TRANSPORTATION LOAN PROGRAM ASSISTANCE AND STATE SPECIAL TAX OBLIGATION BONDS Allows certain state transportation bonds issued under a federal program to mature at any time allowed under the federal program, but not longer than the useful life of the projects being financed Existing law authorizes the treasurer, OPM secretary, and transportation commissioner to enter into loan agreements or other credit agreements with the U.S.

Department of Transportation (U.S.

DOT), including agreements under the federal Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) programs.

It also authorizes the issuance of “federal transportation bonds,” which are state special tax obligation (STO) bonds that are issued to evidence and secure U.S.

DOT loans or other financial assistance made to the state under federal programs.

The bill allows, regardless of existing state STO bond procedures, federal transportation bonds issued under any federal program to mature at any time that is allowed under the federal program, but not longer than the useful life of the projects being financed.

Under the bill, “federal program” is any program of financial assistance made by the U.S.

DOT to Connecticut, including RRIF, TIFIA, or programs established under them.

sSB85 / File No.

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694 The bill also makes technical and conforming changes.

EFFECTIVE DATE:

July 1, 2026 COMMITTEE ACTION Finance, Revenue and Bonding Committee Joint Favorable Substitute Yea 46 Nay 7 (03/31/2026) sSB85 / File No.

694 49