SB 113 — AN ACT AUTHORIZING BONDS OF THE STATE FOR A HANDICAP-ACCESSIBLE PLATFORM AT THE WATERBURY STOP OF THE NAUGATUCK RAIL LINE.

Senate General Assembly CommitteeFile Bill No.

113517 February Session, 2022 ReferredSenate toBill CommitteeNo. on COMMERCE Introduced by:

(CE)113 ANSenate, ACTApril AUTHORIZING19, BONDS2022 OFThe THECommittee STATEon FORFinance, ARevenue HANDICAP-and ACCESSIBLEBonding PLATFORMreported ATthrough THESEN. WATERBURY STOP OF THE NAUGATUCK RAIL LINE.

FONFARA of the 1st Dist., Chairperson of the Committee on the part of the Senate, that the bill ought to pass.

AN ACT AUTHORIZING BONDS OF THE STATE FOR A HANDICAP- ACCESSIBLE PLATFORM AT THE WATERBURY STOP OF THE NAUGATUCK RAIL LINE.

(c)Allprovisionsofsection3-20ofthegeneralstatutes,ortheexercise ofSB113 any/ rightFile or power granted thereby, that are not inconsistent with the LCO 3679 \\PRDFS1\SCOUSERS\FORZANOF\WS\2022SB-00113-R01 of 2 SB.docx Substitute Bill No.

113517 provisions1 ofSB113 thisFile sectionNo. are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section.

517 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.

Section 1 July 1, 2022 New section CE Joint Favorable C/R FIN FIN Joint Favorable LCOSB113 3679/ {\\PRDFS1\SCOUSERS\FORZANOF\WS\2022SB-00112File ofNo. 2 R03-SB.docx }

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517 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 23 $ Out Years $ Treasurer, Debt Serv.

GF - Cost See Below 143,000 total Note:

GF=General Fund Municipal Impact:

None Explanation The bill authorizes $100,000 in General Obligation bonding for the design and construction of a handicap accessible platform at the Waterbury stop of the Naugatuck rail line, to be administered by the Department of Economic and Community Development.

To the extent bonds are fully allocated and expended, total debt service is expected to be approximately $143,000 over the 20-year duration of the bonds.

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

SB113 / File No.

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517 OLR Bill Analysis SB 113 AN ACT AUTHORIZING BONDS OF THE STATE FOR A HANDICAP ACCESSIBLE PLATFORM AT THE WATERBURY STOP OF THE NAUGATUCK RAIL LINE.

SUMMARY The Office of Legislative Research does not analyze Special Acts.

COMMITTEE ACTION Commerce Committee Joint Favorable Change of Reference - FIN Yea 18 Nay 4 (03/22/2022) Finance, Revenue and Bonding Committee Joint Favorable Yea 51 Nay 0 (04/06/2022) SB113 / File No.

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