HB 5207 — AN ACT REVISING A STATUTE CONCERNING HOUSING DEVELOPMENT.

House of Representatives General Assembly SubstituteFile Bill No.

520762 February Session, 2022 ANSubstitute ACTHouse REVISINGBill ANo. STATUTE CONCERNING HOUSING DEVELOPMENT.

5207 House of Representatives, March 22, 2022 The Committee on Housing reported through REP.

WILLIAMS of the 100th Dist., Chairperson of the Committee on the part of the House, that the substitute bill ought to pass.

AN ACT REVISING A STATUTE CONCERNING HOUSING DEVELOPMENT.

and (3) the commissioner has approved the proposed methods of financing, the proposed rents and income limits for admission and continued occupancysHB5207 anda/ detailedestimateoftheexpensesandrevenuesthereof.File No.

During62 the1 periodsHB5207 ofFile any grant or loan contract entered into under part I or III of this chapter or this part, the developer shall submit to the commissioner for [his] the commissioner's approval [its] such developer's rent schedules, [and its] standards of tenant eligibility and LCO \\PRDFS1\HCOUSERS\BARRYJN\WS\2022HB-05207-R011 of 2 HB.docx Substitute Bill No.

520762 continuedoccupancy occupancy,anda anddetailedestimateoftheexpensesandrevenuesthereof. any changes therein and [its] such developer's proposed budget for each fiscal year, together with such reports and financial and operating statements as the commissioner finds necessary.

During the period of any grant or loan contract entered into under part I or III of this chapter or this part, the developer shall submit to the commissioner for [his] the commissioner's approval [its] such developer's rent schedules, [and its] standards of tenant eligibility and continued occupancy, and any changes therein and [its] such developer's proposed budget for each fiscal year, together with such reports and financial and operating statements as the commissioner finds necessary.

Section 1 October 1, 2022 Section 1 8-74 Statement of Legislative Commissioners:

-LCO LCOsHB5207 {\\PRDFS1\HCOUSERS\BARRYJN\WS\2022HB-05207-/ 2File ofNo. 2 R01-HB.docx }

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62 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:

None Municipal Impact:

None Explanation The bill makes minor technical changes that have no fiscal impact.

The Out Years State Impact:

None Municipal Impact:

None sHB5207 / File No.

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62 OLR Bill Analysis HB 5207 AN ACT REVISING A STATUTE CONCERNING HOUSING DEVELOPMENT.

SUMMARY This bill makes minor technical changes in a statute concerning moderate rental housing.

EFFECTIVE DATE:

October 1, 2022 COMMITTEE ACTION Housing Committee Joint Favorable Yea 15 Nay 0 (03/10/2022) sHB5207 / File No.

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