SB 945 — AN ACT CONCERNING THE SOUTH CENTRAL CONNECTICUT REGIONAL WATER AUTHORITY.

General Assembly   RaisedSubstitute Bill No.

945 January Session, 2017   LCO*_____SB00945PD____032017____* No.AN ACT CONCERNING THE SOUTH CENTRAL CONNECTICUT REGIONAL WATER AUTHORITY.

4576   *04576_______PD_* Referred to Committee on PLANNING AND DEVELOPMENT   Introduced by:

  (PD)   AN ACT CONCERNING THE SOUTH CENTRAL CONNECTICUT REGIONAL WATER AUTHORITY.

It is found and declared as a matter of legislative determination that the creation of the South Central Connecticut Regional Water Authority for the primary purpose of providing and assuring the provision of an adequate supply of pure water and the safe disposal of wastewater at reasonable cost within the South Central Connecticut Regional Water District and such other areas as may be served pursuant to cooperative agreements and acquisitions authorized by section 11 of special act 77-98, as amended by section 5 of special act 78-24, section 3 of special act 84-46, [and] section 7 of public act 02-85 and section 3 of this act, and, to the degree consistent with the foregoing, of advancing water conservation and the conservation and compatible recreational use of land held by the authority, [conductingconducting water[water or environmental related activities within or without the district] or investing in noncore businesses, provided, at the time of any [additional] investment in such [activities] businesses, the authority's [outstanding principal debt] investment, less returns of or on such investments in such [activities] businesses made on and after June 30, 2013, shall not exceed the greater of five per cent of the authority's net utility plant devoted to its water [supply and distribution] and wastewater [collection and treatment] utility businesses or such higher amount approved by a majority of the total weighted votes of the membership of the representative policy board and the carrying out of its powers, purposes, and duties under sections 1 to 33, inclusive, of special act 77-98, as amended by special act 78-24, special act 84-46, sections 5 to 7, inclusive, of special act 99-12, sections 2 to 21, inclusive, of public act 02-85, special act 13-20 and this act, and for the benefit of the people residing in the South Central Connecticut Regional Water District and the State of Connecticut, and for the improvement of their health, safety and welfare, that said purposes are public purposes, and that the authority will be performing an essential governmental function in the exercise of its powers under sections 1 to 33, inclusive, of special act 77-98, as amended by special act 78-24, special act 84-46, sections 5 to 7, inclusive, of special act 99-12, section 2 of public act 02-85, special act 13-20 and this act.

"subsidiary corporation" means a corporation organized under the general statutes or by special act which owns or operates all or part of a water supply system or a wastewater system within the district and all of the voting stock of which is owned by the authority, "noncore business" means an activity to be located on property other than class I or class II land owned by the authority that is related to water, environment, agriculture or an energy project consisting of either a class I renewable fuelenergy resourcesource, as defined in subdivision (20) of subsection (a) of section 16-1 of the general statutesstatutes, or a combinedclass heatIII andsource, power system as defined in subdivision (38) of said section, but excluding wind sources located within the district;

[sell] (1) Sell or otherwise transfer any real property or any interest or right therein, except for (A) access, [or]or (B) utility purposes oror, (C) to dedicate land as open space by conveying a conservation restriction, as defined in section 47-42a of the general statutes, to the federal, state or a municipal government or a nonprofit land-holding organization, as defined in section 47-6b of the general statutes, or (2) develop such property for any use not directly related to a water supply function, other than for public recreational use not prohibited by section 25-43c of the general statutes, without the approval of a majority of the weighted votes of all of the members of the representative policy board, excluding vacancies, in the case of a parcel of twenty acres or less, and by three-fourths of the weighted votes of all of the members of said board, excluding vacancies, in the case of a parcel in excess of twenty acres.

19 Statement of Purpose:Legislative Commissioners:

ToIn authorizeSection the8, Southsubparagraph Centraldesignators Connecticutwere Regionalinserted Waterfor Authorityclarity. to invest in certain noncore businesses, including energy projects.

[ProposedPD deletionsJoint areFavorable enclosedSubst. in brackets.

Proposed additions are indicated by underline, 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.]