AN ACT PERMITTING PROXY DESIGNATION FOR MEMBERS OF THE COMMUNITY INVESTMENT FUND 2030 BOARD.

House of Representatives
sHB5346 / File No. 240 1

General Assembly File No. 240
February Session, 2026 Substitute House Bill No. 5346

House of Representatives, March 30, 2026

The Committee on Government Administration and Elections
reported through REP. BLUMENTHAL of the 147th Dist.,
Chairperson of the Committee on the part of the House, that the
substitute bill ought to pass.

AN ACT PERMITTING PROXY DESIGNATION FOR MEMBERS OF
THE COMMUNITY INVESTMENT FUND 2030 BOARD.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. Subsection (b) of section 32-285a of the 2026 supplement to 1
the general statutes is repealed and the following is substituted in lieu 2
thereof (Effective from passage): 3
(b) (1) There is established a Community Investment Fund 2030 4
Board, which shall be within the Department of Economic and 5
Community Development. The board shall consist of the following 6
members: 7
(A) The speaker of the House of Representatives and the president 8
pro tempore of the Senate; 9
(B) The majority leader of the House of Representatives, the majority 10
leader of the Senate, the minority leader of the House of Representatives 11
and the minority leader of the Senate; 12
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(C) One appointed by the speaker of the House of Representatives 13
and one appointed by the president pro tempore of the Senate, each of 14
whom shall be a member of the Black and Puerto Rican Caucus of the 15
General Assembly; 16
(D) The two chairpersons of the general bonding subcommittee of the 17
joint standing committee of the General Assembly having cognizance of 18
matters relating to finance, revenue and bonding; 19
(E) Two appointed by the Governor; and 20
(F) The Secretary of the Office of Policy and Management, the 21
Attorney General, the Treasurer, the Comptroller, the Secretary of the 22
State and the Commissioners of Economic and Community 23
Development, Administrative Services, Social Services and Housing, or 24
their designees. 25
(2) All initial appointments shall be made not later than sixty days 26
after June 30, 2021. The terms of the members appointed by the 27
Governor shall be coterminous with the term of the Governor or until 28
their successors are appointed, whichever is later. Any vacancy in 29
appointments shall be filled by the appointing authority. Any vacancy 30
occurring other than by expiration of term shall be filled for the balance 31
of the unexpired term. 32
(3) Notwithstanding any provision of the general statutes, it shall not 33
constitute a conflict of interest for a trustee, director, partner, officer, 34
stockholder, proprietor, counsel or employee of any person to serve as 35
a member of the board, provided such trustee, director, partner, officer, 36
stockholder, proprietor, counsel or employee abstains and absents 37
himself or herself from any deliberation, action and vote by the board in 38
specific respect to such person. The members appointed by the 39
Governor shall be deemed public officials and shall adhere to the code 40
of ethics for public officials set forth in chapter 10. 41
(4) The speaker of the House of Representatives and the president pro 42
tempore of the Senate shall serve as the chairpersons of the board and 43
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shall schedule the first meeting of the board, which shall be held not 44
later than January 1, 2022. The board shall meet at least quarterly. Any 45
member who is unable to attend a meeting may, by notifying the 46
administrator in writing, designate another person to act as a proxy in 47
such member's absence. 48
(5) Eleven members of the board shall constitute a quorum for the 49
transaction of any business. 50
(6) The members of the board shall serve without compensation, but 51
shall, within the limits of available funds, be reimbursed for expenses 52
necessarily incurred in the performance of their duties. 53
(7) The board shall have the following powers and duties: (A) To 54
review eligible projects to be recommended to the Governor under 55
subsection (c) of this section for approval; (B) to establish bylaws to 56
govern its procedures; (C) to review and provide comments to the 57
Department of Economic and Community Development on projects 58
funded through the state's Economic Action Plan as provided under 59
section 32-4p; and (D) to perform such other acts as may be necessary 60
and appropriate to carry out its duties described in this section. 61
(8) The administrator shall hire such employee or employees as may 62
be necessary to assist the board to carry out its duties described in this 63
section. 64
This act shall take effect as follows and shall amend the following
sections:

Section 1 from passage 32-285a(b)

Statement of Legislative Commissioners:
In Section 1(b)(4), "by notifying" was added for clarity.

GAE Joint Favorable Subst. -LCO

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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 has no fiscal impact by authorizing Community Investment
Fund 2030 Board members to designate another person to act as a proxy
if a member is unable to attend a meeting. This is a procedural change
which does not impact the administration of the Board.
The Out Years
State Impact: None
Municipal Impact: None

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OLR Bill Analysis
HB 5346

AN ACT PERMITTING PROXY DESIGNATION FOR MEMBERS OF
THE COMMUNITY INVESTMENT FUND 2030 BOARD.

SUMMARY
This bill authorizes Community Investment Fund 2030 Board
members to designate, in writing to the board’s administrator (the
economic and community development commissioner or his designee),
another person to act as a proxy if the board member is unable to attend
a meeting.
EFFECTIVE DATE: Upon passage
BACKGROUND
Community Investment Fund 2030 Board Membership
The Community Investment Fund 2030 Board members are:
1. the six legislative leaders ( House speaker, Senate president pro
tempore, and House and Senate majority and minority leaders);
2. one member each appointed by the House speaker and Senate
president pro tempore, who must be members of the Black and
Puerto Rican Caucus;
3. the two chairpersons of the Finance, Revenue and Bonding
Committee’s general bonding subcommittee;
4. two members appointed by the governor; and
5. the Office of Policy and Management secretary, attorney general,
treasurer, comptroller, secretary of the state, and commissioners
of economic and community development, administrative
services, social services, and housing, or their designees.
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Community Investment Fund 2030 Board Duties
The Community Investment Fund 20 30 is a state bond -funded
program for financing qualifying economic and community
development projects. By law, the board must:
1. review eligible projects to be recommended to the governor,
2. establish bylaws governing its procedures,
3. review and provide comments to the Department of Economic
and Community Development on projects funded through the
state’s economic action plan, and
4. take any other actions necessary and appropriate to carry out its
duties.
COMMITTEE ACTION
Government Administration and Elections Committee
Joint Favorable
Yea 13 Nay 6 (03/11/2026)