AN ACT INCREASING THE BOND AUTHORIZATION FOR THE CONNECTICUT BIOSCIENCE INNOVATION FUND.

Plain English Breakdown

The official source material does not provide details about specific beneficiaries or how funds will be allocated, leaving these points uncertain.

Increasing Money for Bioscience in Connecticut

This act increases the amount of money that can be borrowed to support the Connecticut Bioscience Innovation Fund.

What This Bill Does

• Increases the bond authorization for the Connecticut Bioscience Innovation Fund by $25 million.

Who It Names or Affects

• Connecticut residents who benefit from advancements in bioscience technology.
• Bioscience companies and researchers in Connecticut.

Terms To Know

Bond Authorization

The amount of money a state is allowed to borrow for specific projects or funds.

Connecticut Bioscience Innovation Fund

A fund used to support research and development in the bioscience industry in Connecticut.

Limits and Unknowns

• The bill does not specify how the additional funding will be allocated.
• It is unclear which specific projects or organizations will receive the increased funds.

Official Summary Text

To increase funding for bioscience innovation.

Current Bill Text

LCO No. 144 1 of 1

General Assembly Proposed Bill No. 31
February Session, 2026 LCO No. 144

Referred to Committee on COMMERCE

Introduced by:
SEN. HWANG, 28th Dist.

AN ACT INCREASING THE BOND AUTHORIZATION FOR THE
CONNECTICUT BIOSCIENCE INNOVATION FUND.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That section 32-41dd of the general statutes be amended to increase 1
the bond authorization for the Connecticut Bioscience Innovation Fund 2
by twenty-five million dollars. 3
Statement of Purpose:
To increase funding for bioscience innovation.