Connecticut 2019 Regular Session Status: In Committee 1 D cosponsors

SB 70 — AN ACT ESTABLISHING THE CONNECTICUT INFRASTRUCTURE BANK.

Last action — HOUSE CALENDAR NUMBER 714

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

33 added · 32 removed

33 line(s) added, 32 removed.

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(C) The Connecticut Infrastructure Bank shall constitute a successor LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0002 of 32 R03-SB.docx } Substitute Bill No.
(C) The Connecticut Infrastructure Bank shall constitute a successor LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0002 of 32 R04-SB.docx } Substitute Bill No.
(D) In addition to, and not in limitation of, any other power of the Connecticut Infrastructure Bank set forth in this section or any other LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0003 of 32 R03-SB.docx } Substitute Bill No.
(D) In addition to, and not in limitation of, any other power of the Connecticut Infrastructure Bank set forth in this section or any other LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0003 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0004 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0004 of 32 R04-SB.docx } Substitute Bill No.
(ii) No such subsidiary of said bank shall be deemed a quasi-public LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0005 of 32 R03-SB.docx } Substitute Bill No.
(ii) No such subsidiary of said bank shall be deemed a quasi-public LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0005 of 32 R04-SB.docx } Substitute Bill No.
Any such person so appointed shall not be personally liable for the debts, obligations or liabilities of any such LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0006 of 32 R03-SB.docx } Substitute Bill No.
Any such person so appointed shall not be personally liable for the debts, obligations or liabilities of any such LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0006 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0007 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0007 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00078 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00078 of 32 R04-SB.docx } Substitute Bill No.
The Treasurer or the Treasurer's designee, the Commissioner of Transportation or the commissioner's designee and LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0009 of 32 R03-SB.docx } Substitute Bill No.
The Treasurer or the Treasurer's designee, the Commissioner of Transportation or the commissioner's designee and LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0009 of 32 R04-SB.docx } Substitute Bill No.
(2) The members of the board of directors of the Connecticut LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0010 of 32 R03-SB.docx } Substitute Bill No.
(2) The members of the board of directors of the Connecticut LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0010 of 32 R04-SB.docx } Substitute Bill No.
(e) (1) The board shall issue annually a report to the Department of LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0011 of 32 R03-SB.docx } Substitute Bill No.
(e) (1) The board shall issue annually a report to the Department of LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0011 of 32 R04-SB.docx } Substitute Bill No.
(2) The contracts and obligations thereunder of said bank shall be LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0012 of 32 R03-SB.docx } Substitute Bill No.
(2) The contracts and obligations thereunder of said bank shall be LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0012 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0013 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0013 of 32 R04-SB.docx } Substitute Bill No.
(d) Prior to December first, annually, the Connecticut Infrastructure LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0014 of 32 R03-SB.docx } Substitute Bill No.
(d) Prior to December first, annually, the Connecticut Infrastructure LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0014 of 32 R04-SB.docx } Substitute Bill No.
(e) No bonds secured by a special capital reserve fund shall be issued to pay project costs unless the Connecticut Infrastructure Bank LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0015 of 32 R03-SB.docx } Substitute Bill No.
(e) No bonds secured by a special capital reserve fund shall be issued to pay project costs unless the Connecticut Infrastructure Bank LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0015 of 32 R04-SB.docx } Substitute Bill No.
The notes shall be issued in the same manner LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0016 of 32 R03-SB.docx } Substitute Bill No.
The notes shall be issued in the same manner LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0016 of 32 R04-SB.docx } Substitute Bill No.
The exercise of such delegated powers may be made subject to the LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0017 of 32 R03-SB.docx } Substitute Bill No.
The exercise of such delegated powers may be made subject to the LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0017 of 32 R04-SB.docx } Substitute Bill No.
(7) the procedure, if any, by which the terms of any LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0018 of 32 R03-SB.docx } Substitute Bill No.
(7) the procedure, if any, by which the terms of any LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0018 of 32 R04-SB.docx } Substitute Bill No.
Any such bonds, notes or other obligations may be issued only upon a finding by said LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0019 of 32 R03-SB.docx } Substitute Bill No.
Any such bonds, notes or other obligations may be issued only upon a finding by said LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0019 of 32 R04-SB.docx } Substitute Bill No.
Any bank or trust company incorporated under the laws of this state, which may act as LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0020 of 32 R03-SB.docx } Substitute Bill No.
Any bank or trust company incorporated under the laws of this state, which may act as LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0020 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0021 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0021 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0022 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0022 of 32 R04-SB.docx } Substitute Bill No.
provided said bank in any such resolution or trust agreement may provide that such sinking or other similar fund shall be the fund for a particular project for any individual, partnership, corporation or association, or other body, public or private, and for the bonds issued LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00023 of 32 R03-SB.docx } Substitute Bill No.
provided said bank in any such resolution or trust agreement may provide that such sinking or other similar fund shall be the fund for a particular project for any individual, partnership, corporation or association, or other body, public or private, and for the bonds issued LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00023 of 32 R04-SB.docx } Substitute Bill No.
(n) The Connecticut Infrastructure Bank shall have power to contract with the holders of any of the bank's bonds or notes as to the custody, collection, securing, investment and payment of any reserve funds of said bank, or of any moneys held in trust or otherwise for the LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0024 of 32 R03-SB.docx } Substitute Bill No.
(n) The Connecticut Infrastructure Bank shall have power to contract with the holders of any of the bank's bonds or notes as to the custody, collection, securing, investment and payment of any reserve funds of said bank, or of any moneys held in trust or otherwise for the LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0024 of 32 R04-SB.docx } Substitute Bill No.
(p) (1) The Connecticut Infrastructure Bank is hereby authorized to provide for the issuance of bonds of said bank for the purpose of refunding any bonds of said bank then outstanding, including the payment of any redemption premium thereon and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase or maturity of such bonds, and, if deemed advisable by said bank, for the additional purpose of paying all or any part of the cost of LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0025 of 32 R03-SB.docx } Substitute Bill No.
(p) (1) The Connecticut Infrastructure Bank is hereby authorized to provide for the issuance of bonds of said bank for the purpose of refunding any bonds of said bank then outstanding, including the payment of any redemption premium thereon and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase or maturity of such bonds, and, if deemed advisable by said bank, for the additional purpose of paying all or any part of the cost of LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0025 of 32 R04-SB.docx } Substitute Bill No.
After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and interest, income and profits, if any, earned or realized on the investments or reinvestments thereof may be returned to the Connecticut Infrastructure Bank for use by it in any LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0026 of 32 R03-SB.docx } Substitute Bill No.
After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and interest, income and profits, if any, earned or realized on the investments or reinvestments thereof may be returned to the Connecticut Infrastructure Bank for use by it in any LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0026 of 32 R04-SB.docx } Substitute Bill No.
(2) enter into interest rate swap agreements and other LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0027 of 32 R03-SB.docx } Substitute Bill No.
(2) enter into interest rate swap agreements and other LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0027 of 32 R04-SB.docx } Substitute Bill No.
(1) "Quasi-public agency" means Connecticut Innovations, Incorporated, the Connecticut Health and Educational Facilities Authority, the Connecticut Higher Education Supplemental Loan Authority, the Connecticut Student Loan Foundation, the Connecticut LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0028 of 32 R03-SB.docx } Substitute Bill No.
(1) "Quasi-public agency" means Connecticut Innovations, Incorporated, the Connecticut Health and Educational Facilities Authority, the Connecticut Higher Education Supplemental Loan Authority, the Connecticut Student Loan Foundation, the Connecticut LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0028 of 32 R04-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0029 of 32 R03-SB.docx } Substitute Bill No.
LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0029 of 32 R04-SB.docx } Substitute Bill No.
The directors, officers and employees of Connecticut Innovations, Incorporated, the Connecticut Higher Education Supplemental Loan Authority, the Connecticut Student Loan Foundation, the Connecticut Housing Finance Authority, the Connecticut Housing Authority, the Materials Innovation and Recycling Authority, including ad hoc members of the Materials Innovation and Recycling Authority, the Connecticut Health and Educational Facilities Authority, the Capital Region Development Authority, the Connecticut Airport Authority, LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0030 of 32 R03-SB.docx } Substitute Bill No.
The directors, officers and employees of Connecticut Innovations, Incorporated, the Connecticut Higher Education Supplemental Loan Authority, the Connecticut Student Loan Foundation, the Connecticut Housing Finance Authority, the Connecticut Housing Authority, the Materials Innovation and Recycling Authority, including ad hoc members of the Materials Innovation and Recycling Authority, the Connecticut Health and Educational Facilities Authority, the Capital Region Development Authority, the Connecticut Airport Authority, LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-0030 of 32 R04-SB.docx } Substitute Bill No.
7 October 1, 2019 1-125 LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00070-31 of 32 R03-SB.docx } Substitute Bill No.
7 October 1, 2019 1-125 LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00070-31 of 32 R04-SB.docx } Substitute Bill No.
-LCO GAE Joint Favorable LCO {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00070- 32 of 32 R03-SB.docx }
-LCO GAE Joint Favorable FIN Joint Favorable {\\PRDFS1\SCOUSERS\FORZANOF\WS\2019SB-00070- LCO R04-SB.docx } 32 of 32
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Action History

  1. HOUSE CALENDAR NUMBER 714

  2. FAV. RPT., TABLED FOR HOUSE CALENDER

  3. TRANSMITTED PURSUANT TO JOINT RULE 17

  4. SEN. PASSED, SEN. AMEND. SCH. A,B,D

  5. SEN. ADOPTED SEN. AMEND. SCH. D

  6. SEN. REJ. SEN. AMEND. SCH. C

  7. SEN. ADOPTED SEN. AMEND. SCH. B

  8. FAV. RPT., TAB. FOR CAL., SEN.

  9. NO NEW FILE BY COMM. ON Finance, Revenue and Bonding

  10. RPTD. OUT OF LCO

  11. FILED WITH LCO

  12. Joint Favorable

  13. REF. BY SEN. TO COMM. ON Finance, Revenue and Bonding

  14. FAV. RPT., TAB. FOR CAL., SEN.

  15. NO NEW FILE BY COMM. ON Government Administration and Elections

  16. RPTD. OUT OF LCO

  17. FILED WITH LCO

  18. Joint Favorable

  19. REF. BY SEN. TO COMM. ON Government Administration and Elections

  20. SEN. ADOPTED SEN. AMEND. SCH. A

  21. FILE NO. 255

  22. SENATE CALENDAR NUMBER 138

  23. FAV. RPT., TAB. FOR CAL., SEN.

  24. RPTD. OUT OF LCO

  25. REFERRED TO Office of Legislative Research AND Office of Fiscal Analysis 04/01/19

  26. FILED WITH LCO

  27. Joint Favorable

  28. REF. TO JOINT COMM. ON Banking

  29. DRAFTED BY COMMITTEE

  30. Vote to Draft

  31. PUBLIC HEARING 0214

  32. REF. TO JOINT COMM. ON Banking

Sponsors

  • Michael D'Agostino · Primary
  • Stephen R Meskers · Primary
  • Michael A. Winkler · Primary
  • Susan M. Johnson · Primary
  • Jason Doucette · Primary
  • David Michel · Primary
  • Kerry Szeps Wood · Primary
  • Travis Simms · Primary
  • Alexandra Bergstein · Primary
  • Josh Elliott · Primary
  • Saud Anwar · Primary

Sponsorship breakdown

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11 sponsors · 0 co-sponsors · 176 not signed on

Sponsors (11)

  • D'Agostino, Michael
  • Meskers, Stephen R
  • Winkler, Michael A.
  • Johnson, Susan M.
  • Doucette, Jason
  • Michel, David
  • Wood, Kerry Szeps
  • Simms, Travis
  • Bergstein, Alexandra
  • Elliott, Josh
  • Saud Anwar Democratic

Co-sponsors (0)

None.

Not signed on (176)

176 members have not signed on to this bill.

Show all 176 →

"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

environment transportation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 70?
SB 70 is sponsored by D'Agostino, Michael, Meskers, Stephen R, Winkler, Michael A., Johnson, Susan M., Doucette, Jason, Michel, David, Wood, Kerry Szeps, Simms, Travis, Bergstein, Alexandra, Elliott, Josh, and Saud Anwar (Democratic).
What is the current status of SB 70?
This bill died with 2019 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 70?
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