AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE, CONCERNING THE UCONN 2000 PROGRAM AND ESTABLISHING GRANT PROGRAMS FOR SUPPLEMENTAL GRADUATE STUDENT LOANS, WAR OR VETERANS' MEMORIALS OR MONUMENTS AND AGING-IN-PLACE.

Senate
sSB85 / File No. 694 1

General Assembly File No. 694
February Session, 2026 Substitute Senate Bill No. 85

Senate, April 20, 2026

The Committee on Finance, Revenue and Bonding reported
through SEN. FONFARA of the 1st Dist., Chairperson of the
Committee on the part of the Senate, that the substitute bill
ought to pass.

AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE,
CONCERNING THE UCONN 2000 PROGRAM AND ESTABLISHING
GRANT PROGRAMS FOR SUPPLEMENTAL GRADUATE STUDENT
LOANS, WAR OR VETERANS' MEMORIALS OR MONUMENTS AND
AGING-IN-PLACE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

Section 1. (Effective July 1, 2026 ) The State Bond Commission shall 1
have power, in accordance with the provisions of this section and 2
sections 2 to 7, inclusive, of this act, from time to time to authorize the 3
issuance of bonds of the state in one or more series and in principal 4
amounts in the aggregate not exceeding $46,500,000. 5
Sec. 2. ( Effective July 1, 2026 ) The proceeds of the sale of bonds 6
described in sections 1 to 7, inclusive, of this act, to the extent hereinafter 7
stated, shall be used for the purpose of acquiring, by purchase or 8
condemnation, undertaking, constructing, reconstructing, improving or 9
equipping, or purchasing land or buildings or improving sites for the 10
projects hereinafter described, including payment of architectural, 11
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engineering, demolition or related costs in connection therewith, or of 12
payment of the cost of long -range capital programming and space 13
utilization studies as hereinafter stated: 14
(a) For the Department of Administrative Services: Site acquisition, 15
planning activities and construction costs to replace the current fleet 16
garage in Wethersfield, not exceeding $20,000,000; 17
(b) For the Department of Emergency Services and Public Protection: 18
Purchase, construction and maintenance of a new mesonet system, not 19
exceeding $1,500,000; 20
(c) For the Department of Correction: 21
(1) Security upgrades, including, but not limited to, new doors, 22
information technology upgrades, security cameras and other work to 23
ensure the safety of the department's employees and inmates, not 24
exceeding $10,000,000; 25
(2) Electronic health records systems, including digital medical care 26
request systems, devices and access points, not exceeding $10,000,000; 27
(d) For the Department of Energy and Environmental Protection: 28
Natural diversity data base mapping enhancements and other 29
information technology resources to streamline the department's 30
permitting and environmental review processes, not exceeding 31
$5,000,000. 32
Sec. 3. ( Effective July 1, 2026 ) All provisions of section 3 -20 of the 33
general statutes or the exercise of any right or power granted thereby 34
which are not inconsistent with the provisions of sections 1 to 7, 35
inclusive, of this act are hereby adopted and shall apply to all bonds 36
authorized by the State Bond Commission pursuant to sections 1 to 7, 37
inclusive, of this act and temporary notes issued in anticipation of the 38
money to be derived from the sale of any such bonds so authorized may 39
be issued in accordance with said section 3 -20 and from time to time 40
renewed. Such bonds shall mature at such time or times not exceeding 41
twenty years from their respective dates as may be provided in or 42
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pursuant to the resolution or resolutions of the State Bond Commission 43
authorizing such bonds. 44
Sec. 4. (Effective July 1, 2026) None of the bonds described in sections 45
1 to 7, inclusive, of this act shall be authorized except upon a finding by 46
the State Bond Commission that there has been filed with it a request for 47
such authorization, which is signed by the Secretary of the Office of 48
Policy and Management or by or on behalf of such state officer, 49
department or agency and stating such terms and conditions as said 50
commission, in its discretion, may require. 51
Sec. 5. ( Effective July 1, 2026 ) For the purposes of sections 1 to 7, 52
inclusive, of this act, "state moneys" means the proceeds of the sale of 53
bonds authorized pursuant to said sections 1 to 7, inclusive, or of 54
temporary notes issued in anticipation of the moneys to be derived from 55
the sale of such bonds. Each request filed as provided in section 4 of this 56
act for an authorization of bonds shall identify the project for which the 57
proceeds of the sale of such bonds are to be used and expended and, in 58
addition to any terms and conditions required pursuant to said section 59
4, shall include the recommendation of the person signing such request 60
as to the extent to which federal, private or other moneys then available 61
or thereafter to be made available for costs in connection with any such 62
project should be added to the state moneys available or becoming 63
available hereunder for such project. If the request includes a 64
recommendation that some amount of such federal, private or other 65
moneys should be added to such state moneys, then, if and to the extent 66
directed by the State Bond Commission at the time of authorization of 67
such bonds, such amount of such federal, private or other moneys then 68
available, or thereafter to be made available for costs in connection with 69
such project, may be added to any state moneys available or becoming 70
available hereunder for such project and shall be used for such project. 71
Any other federal, private or other moneys then available or thereafter 72
to be made available for costs in connection with such project shall, 73
upon receipt, be used by the State Treasurer, in conformity with 74
applicable federal and state law, to meet the principal of outstanding 75
bonds issued pursuant to sections 1 to 7, inclusive, of this act, or to meet 76
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the principal of temporary notes issued in anticipation of the money to 77
be derived from the sale of bonds theretofore authorized pursuant to 78
said sections 1 to 7, inclusive, for the purpose of financing such costs, 79
either by purchase or redemption and cancellation of such bonds or 80
notes or by payment thereof at maturity. Whenever any of the federal, 81
private or other moneys so received with respect to such project are used 82
to meet the principal of such temporary notes or whenever principal of 83
any such temporary notes is retired by application of revenue receipts 84
of the state, the amount of bonds theretofore authorized in anticipation 85
of which such temporary notes were issued, and the aggregate amount 86
of bonds which may be authorized pursuant to section 1 of this act, shall 87
each be reduced by the amount of the principal so met or retired. 88
Pending use of the federal, private or other moneys so received to meet 89
principal as hereinabove directed, the amount thereof may be invested 90
by the State Treasurer in bonds or obligations of, or guaranteed by, the 91
state or the United States or agencies or instrumentalities of the United 92
States, shall be deemed to be part of the debt retirement funds of the 93
state, and net earnings on such investments shall be used in the same 94
manner as the moneys so invested. 95
Sec. 6. ( Effective July 1, 2026 ) Any balance of proceeds of the sale of 96
said bonds authorized for any project described in section 2 of this act 97
in excess of the cost of such project may be used to complete any other 98
project described in said section 2, if the State Bond Commission shall 99
so determine and direct. Any balance of proceeds of the sale of said 100
bonds in excess of the costs of all the projects described in said section 2 101
shall be deposited to the credit of the General Fund. 102
Sec. 7. (Effective July 1, 2026) The bonds issued pursuant to this section 103
and sections 1 to 6, inclusive, of this act shall be general obligations of 104
the state and the full faith and credit of the state of Connecticut are 105
pledged for the payment of the principal of and interest on said bonds 106
as the same become due, and accordingly and as part of the contract of 107
the state with the holders of said bonds, appropriation of all amounts 108
necessary for punctual payment of such principal and interest is hereby 109
made, and the State Treasurer shall pay such principal and interest as 110
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the same become due. 111
Sec. 8. (Effective from passage) The State Bond Commission shall have 112
power, in accordance with the provisions of this section and sections 9 113
to 15, inclusive, of this act, from time to time to authorize the issuance 114
of bonds of the state in one or more series and in principal amounts in 115
the aggregate, not exceeding $30,000,000. 116
Sec. 9. ( Effective from passage) The proceeds of the sale of the bonds 117
described in sections 8 to 15, inclusive, of this act shall be used for the 118
purpose of providing grants -in-aid and other financing for the 119
Connecticut Higher Education Supplemental Loan Authority for the 120
Supplemental Graduate Student Loan Program, established pursuant to 121
section 37 of this act, not exceeding $30,000,000. 122
Sec. 10. ( Effective from passage ) All provisions of section 3 -20 of the 123
general statutes or the exercise of any right or power granted thereby 124
that are not inconsistent with the provisions of sections 8 to 15, inclusive, 125
of this act are hereby adopted and shall apply to all bonds authorized 126
by the State Bond Commission pursuant to sections 8 to 15, inclusive, of 127
this act and temporary notes issued in anticipation of the money to be 128
derived from the sale of any such bonds so authorized may be issued in 129
accordance with said sections 8 to 15, inclusive, and from time to time 130
renewed. Such bonds shall mature at such time or times not exceeding 131
twenty years from their respective dates as may be provided in or 132
pursuant to the resolution or resolutions of the State Bond Commission 133
authorizing such bonds. 134
Sec. 11. (Effective from passage) None of the bonds described in sections 135
8 to 15, inclusive, of this act shall be authorized except upon a finding 136
by the State Bond Commission that there has been filed with it a request 137
for such authorization, which is signed by the Secretary of the Office of 138
Policy and Management or by or on behalf of such state officer, 139
department or agency and stating such terms and conditions as said 140
commission, in its discretion, may require. 141
Sec. 12. ( Effective from passage) For the purposes of sections 8 to 15, 142
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inclusive, of this act, "state moneys" means the proceeds of the sale of 143
bonds authorized pursuant to said sections 8 to 15, inclusive, or of 144
temporary notes issued in anticipation of the moneys to be derived from 145
the sale of such bonds. Each request filed as provided in section 11 of 146
this act for an authorization of bonds shall identify the project for which 147
the proceeds of the sale of such bonds are to be used and expended and, 148
in addition to any terms and conditions required pursuant to said 149
section 11, include the recommendation of the person signing such 150
request as to the extent to which federal, private or other moneys then 151
available or thereafter to be made available for costs in connection with 152
any such project should be added to the state moneys available or 153
becoming available under said sections 8 to 15, inclusive, for such 154
project. If the request includes a recommendation that some amount of 155
such federal, private or other moneys should be added to such state 156
moneys, then, if and to the extent directed by the State Bond 157
Commission at the time of authorization of such bonds, such amount of 158
such federal, private or other moneys then available or thereafter to be 159
made available for costs in connection with such project may be added 160
to any state moneys available or becoming available hereunder for such 161
project and be used for such project. Any other federal, private or other 162
moneys then available or thereafter to be made available for costs in 163
connection with such project upon receipt shall, in conformity with 164
applicable federal and state law, be used by the State Treasurer to meet 165
the principal of outstanding bonds issued pursuant to said sections 8 to 166
15, inclusive, or to meet the principal of temporary notes issued in 167
anticipation of the money to be derived from the sale of bonds 168
theretofore authorized pursuant to said sections 8 to 15, inclusive, for 169
the purpose of financing such costs, either by purchase or redemption 170
and cancellation of such bonds or notes or by payment thereof at 171
maturity. Whenever any of the federal, private or other moneys so 172
received with respect to such project are used to meet the principal of 173
such temporary notes or whenever the principal of any such temporary 174
notes is retired by application of revenue receipts of the state, the 175
amount of bonds theretofore authorized in anticipation of which such 176
temporary notes were issued, and the aggregate amount of bonds which 177
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may be authorized pursuant to section 8 of this act shall each be reduced 178
by the amount of the principal so met or retired. Pending use of the 179
federal, private or other moneys so received to meet the principal as 180
directed in this section, the amount thereof may be invested by the State 181
Treasurer in bonds or obligations of, or guaranteed by, the state or the 182
United States or agencies or instrumentalities of the United States, shall 183
be deemed to be part of the debt retirement funds of the state, and net 184
earnings on such investments shall be used in the same manner as the 185
moneys so invested. 186
Sec. 13. (Effective from passage) The bonds issued pursuant to sections 187
8 to 15, inclusive, of this act shall be general obligations of the state and 188
the full faith and credit of the state of Connecticut are pledged for the 189
payment of the principal of and interest on said bonds as the same 190
become due, and accordingly and as part of the contract of the state with 191
the holders of said bonds, appropriation of all amounts necessary for 192
punctual payment of such principal and interest is hereby made, and 193
the State Treasurer shall pay such principal and interest as the same 194
become due. 195
Sec. 14. (Effective from passage) In accordance with section 9 of this act, 196
the state, through the state agency specified in said section 9, may 197
provide grants-in-aid and other financings to or for the agency for the 198
purposes and projects as described in said section 9. All financing shall 199
be made in accordance with the terms of a contract at such time or times 200
as shall be determined within authorization of funds by the State Bond 201
Commission. 202
Sec. 15. ( Effective from passage) In the case of any grant -in-aid made 203
pursuant to section 9 of this act that is made to any entity which is not a 204
political subdivision of the state, the contract entered into pursuant to 205
section 9 of this act shall provide that if the premises for which such 206
grant-in-aid was made ceases, within ten years of the date of such grant, 207
to be used as a facility for which such grant was made, an amount equal 208
to the amount of such grant, minus ten per cent per year for each full 209
year which has elapsed since the date of such grant, shall be repaid to 210
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the state and that a lien shall be placed on such land in favor of the state 211
to ensure that such amount shall be repaid in the event of such change 212
in use, provided if the premises for which such grant -in-aid was made 213
are owned by the state, a municipality or a housing authority, no lien 214
need be placed. 215
Sec. 16. Section 10-287d of the 2026 supplement to the general statutes 216
is repealed and the following is substituted in lieu thereof (Effective July 217
1, 2026): 218
For the purposes of funding (1) grants to projects that have received 219
approval of the Department of Administrative Services pursuant to 220
section 10-287, subsection (a) of section 10-65 and section 10-76e, and (2) 221
grants to assist school building projects to remedy safety and health 222
violations and damage from fire and catastrophe, the State Treasurer is 223
authorized and directed, subject to and in accordance with the 224
provisions of section 3-20, to issue bonds of the state from time to time 225
in one or more series in an aggregate amount not exceeding [fourteen 226
billion nine hundred sixty -two million one hundred sixty thousand 227
dollars, provided five hundred fifty million dollars of said authorization 228
shall be effective July 1, 2026] fifteen billion twelve million one hundred 229
sixty thousand dollars. Bonds of each series shall bear such date or dates 230
and mature at such time or times not exceeding thirty years from their 231
respective dates and be subject to such redemption privileges, with or 232
without premium, as may be fixed by the State Bond Commission. They 233
shall be sold at not less than par and accrued interest and the full faith 234
and credit of the state is pledged for the payment of the interest thereon 235
and the principal thereof as the same shall become due, and accordingly 236
and as part of the contract of the state with the holders of said bonds, 237
appropriation of all amounts necessary for punctual payment of such 238
principal and interest is hereby made, and the State Treasurer shall pay 239
such principal and interest as the same become due. The State Treasurer 240
is authorized to invest temporarily in direct obligations of the United 241
States, United States agency obligations, certificates of deposit, 242
commercial paper or bank acceptances such portion of the proceeds of 243
such bonds or of any notes issued in anticipation thereof as may be 244
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deemed available for such purpose. 245
Sec. 17. Section 10a-110n of the general statutes is repealed. (Effective 246
July 1, 2026) 247
Sec. 18. Subdivision (10) of subsection (a) of section 10a -109d of the 248
2026 supplement to the general statutes is repealed and the following is 249
substituted in lieu thereof (Effective July 1, 2026): 250
(10) To borrow money and issue securities to finance the acquisition, 251
construction, reconstruction, improvement or equipping of any one 252
project, or more than one, or any combination of projects, or to make 253
loans or provide grants from the proceeds of such securities to any 254
subsidiary or joint venture established pursuant to The University of 255
Connecticut Health Center Joint Venture Initiative, or to refund 256
securities issued after June 7, 1995, or to refund any such refunding 257
securities or for any one, or more than one, or all of those purposes, or 258
any combination of those purposes, and to provide for the security and 259
payment of those securities and for the rights of the holders of them, 260
except that the amount of any such borrowing, the special debt service 261
requirements for which are secured by the state debt service 262
commitment, exclusive of the amount of borrowing to refund securities, 263
or to fund issuance costs or necessary reserves, may not exceed the 264
aggregate principal amount of (A) for the fiscal years ending June 30, 265
1996, to June 30, 2005, inclusive, one billion twelve million dollars, (B) 266
for the fiscal years ending June 30, 2006, to June 30, 2031, inclusive, [four 267
billion three hundred two million nine hundred thousand ] four billion 268
five hundred thirteen million dollars, and (C) such additional amount 269
or amounts: (i) Required from time to time to fund any special capital 270
reserve fund or other debt service reserve fund in accordance with the 271
financing transaction proceedings, and (ii) to pay or provide for the 272
costs of issuance and capitalized interest, if any; the aggregate amounts 273
of subparagraphs (A), (B) and (C) of this subdivision are established as 274
the authorized funding amount, and no borrowing within the 275
authorized funding amount for a project or projects may be effected 276
unless the project or projects are included in accordance with subsection 277
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(a) of section 10a-109e, as amended by this act; 278
Sec. 19. Subsection (a) of section 10a -109e of the 2026 supplement to 279
the general statutes is repealed and the following is substituted in lieu 280
thereof (Effective July 1, 2026): 281
(a) The university may administer, manage, schedule, finance, 282
further design and construct UConn 2000, to operate and maintain the 283
components thereof in a prudent and economical manner and to reserve 284
for and make renewals and replacements thereof when appropriate, it 285
being hereby determined and found to be in the best interest of the state 286
and the university to provide this independent authority to the 287
university along with providing assured revenues therefor as the 288
efficient and cost effective course to achieve the objective of avoiding 289
further decline in the physical infrastructure of the university and to 290
renew, modernize, enhance and maintain such infrastructure, the 291
particular project or projects, each being hereby approved as a project of 292
UConn 2000, and the presently estimated cost thereof being as follows: 293
T1 UConn 2000 Project Phase I Phase II Phase III
T2 Fiscal Years Fiscal Years Fiscal Years
T3 1996-1999 2000-2005 2005-2031
T4
T5 Academic and Research
T6 Facilities 450,000,000
T7
T8 Agricultural Biotechnology
T9 Facility 9,400,000
T10
T11 Agricultural Biotechnology
T12 Facility Completion 10,000,000
T13
T14 Alumni Quadrant
T15 Renovations 14,338,000
T16
T17 Arjona and Monteith
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T18 (new classroom buildings) 66,100,000
T19
T20 Avery Point Campus
T21 Undergraduate and
T22 Library Building 35,000,000
T23
T24 Avery Point Marine
T25 Science Research Center –
T26 Phase I 34,000,000
T27
T28 Avery Point Marine
T29 Science Research Center –
T30 Phase II 16,682,000
T31
T32 Avery Point Renovation 5,600,000 15,000,000
T33
T34 Babbidge Library 0
T35
T36 Balancing Contingency 5,506,834
T37
T38 Beach Hall Renovations 10,000,000
T39
T40 Benton State Art Museum
T41 Addition 1,400,000 3,000,000
T42
T43 Biobehavioral Complex
T44 Replacement 4,000,000
T45
T46 Bishop Renovation 8,000,000
T47
T48 Budds Building
T49 Renovation 2,805,000
T50
T51 Business School
T52 Renovation 4,803,000
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T53
T54 Chemistry Building 53,700,000
T55
T56 Commissary Warehouse 1,000,000
T57
T58 Deferred Maintenance/
T59 Code Compliance/
T60 ADA Compliance/
T61 Infrastructure
T62 Improvements &
T63 Renovation Lump Sum and
T64 Utility, Administrative
T65 and Support Facilities 39,332,000 863,500,000
T66
T67 Deferred Maintenance &
T68 Renovation Lump Sum
T69 Balance 104,668,000
T70
T71 Digital learning
T72 infrastructure
T73 improvements at a regional
T74 campus 3,000,000
T75
T76 East Campus North
T77 Renovations 11,820,000
T78
T79 Engineering Building
T80 (with Environmental
T81 Research Institute) 36,700,000
T82
T83 Equine Center 1,000,000
T84
T85 Equipment, Library
T86 Collections &
T87 Telecommunications 60,500,000 [470,000,000]
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T88 480,000,000
T89
T90 Equipment, Library
T91 Collections &
T92 Telecommunications
T93 Completion 182,118,146
T94
T95 Family Studies (DRM)
T96 Renovation 6,500,000
T97
T98 Farm Buildings Repairs/
T99 Replacement 6,000,000
T100
T101 Fine Arts Phase II 20,000,000
T102
T103 Floriculture Greenhouse 3,000,000
T104
T105 Gant Building Renovations
T106 and
T107 New Life Sciences Building 403,500,000
T108
T109 Gant Plaza Deck 0
T110
T111 Gentry Completion 10,000,000
T112
T113 Gentry Renovation 9,299,000
T114
T115 Grad Dorm Renovations 7,548,000
T116
T117 Gulley Hall Renovation 1,416,000
T118
T119 Harry A. Gampel Pavilion
T120 and
T121 Hugh S. Greer Field House 164,000,000
T122
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T123 Hartford Relocation
T124 Acquisition/Renovation 56,762,020 70,000,000
T125
T126 Hartford Relocation Design 1,500,000
T127
T128 Hartford Relocation
T129 Feasibility Study 500,000
T130
T131 Heating Plant Upgrade 10,000,000
T132
T133 Hilltop Dormitory New 30,000,000
T134
T135 Hilltop Dormitory
T136 Renovations 3,141,000
T137
T138 Ice Rink Enclosure 2,616,000
T139
T140 Incubator Facilities 10,000,000
T141
T142 International House
T143 Conversion 800,000
T144
T145 Intramural, Recreational
T146 and Intercollegiate
T147 Facilities 31,000,000
T148
T149 Jorgensen Renovation 7,200,000
T150
T151 Koons Hall Renovation/
T152 Addition 7,000,000
T153
T154 Lakeside Renovation 3,800,000
T155
T156 Lab renovations and
T157 equipment 20,000,000
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T158
T159 Law School Renovations/
T160 Improvements 15,000,000
T161
T162 Library Storage Facility 5,000,000
T163
T164 Litchfield Agricultural
T165 Center – Phase I 1,000,000
T166
T167 Litchfield Agricultural
T168 Center – Phase II 700,000
T169
T170 Manchester Hall
T171 Renovation 6,000,000
T172
T173 Mansfield Apartments
T174 Renovation 2,612,000
T175
T176 Mansfield Training School
T177 Improvements 27,614,000 29,000,000
T178
T179 Natural History Museum
T180 Completion 4,900,000
T181
T182 North Campus Renovation 2,654,000
T183
T184 North Campus Renovation
T185 Completion 21,049,000
T186
T187 North Hillside Road
T188 Completion 11,500,000
T189
T190 North Superblock Site
T191 and Utilities 8,000,000
T192
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T193 Northwest Quadrant
T194 Renovation 2,001,000
T195
T196 Northwest Quadrant
T197 Renovation 15,874,000
T198
T199 Observatory 1,000,000
T200
T201 Old Central Warehouse 18,000,000
T202
T203 Parking Garage #3 78,000,000
T204
T205 Parking Garage – North 10,000,000
T206
T207 Parking Garage – South 15,000,000
T208
T209 Pedestrian Spinepath 2,556,000
T210
T211 Pedestrian Walkways 3,233,000
T212
T213 Program to recruit eminent
T214 faculty and research staff
T215 established pursuant to
T216 section 10a-104c 46,100,000
T217
T218 Psychology Building
T219 Renovation/Addition 20,000,000
T220
T221 Residential Life Facilities 162,000,000
T222
T223 Roadways 10,000,000
T224
T225 School of Business 20,000,000
T226
T227 School of Pharmacy/
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T228 Biology 3,856,000
T229
T230 School of Pharmacy/
T231 Biology Completion 61,058,000
T232
T233 Shippee/Buckley
T234 Renovations 6,156,000
T235
T236 Social Science K Building 20,964,000
T237
T238 South Campus Complex 13,127,000
T239
T240 Stamford Campus
T241 Improvements/Housing 13,000,000
T242
T243 Stamford Downtown
T244 Relocation – Phase I 45,659,000
T245
T246 Stamford Downtown
T247 Relocation – Phase II 17,392,000
T248
T249 Storrs Hall Addition 4,300,000
T250
T251 Student Health Services 12,000,000
T252
T253 Student Union Addition 23,000,000
T254
T255 Support Facility
T256 (Architectural and
T257 Engineering Services) 2,000,000
T258
T259 Technology Quadrant –
T260 Phase IA 38,000,000
T261
T262 Technology Quadrant –
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T263 Phase IB 16,611,000
T264
T265 Technology Quadrant –
T266 Phase II 72,000,000
T267
T268 Technology Quadrant –
T269 Phase III 15,000,000
T270
T271 Torrey Life Science
T272 Renovation and Demolition 17,000,000 25,000,000
T273
T274 Torrey Renovation
T275 Completion and Biology
T276 Expansion 42,000,000
T277
T278 Torrington Campus
T279 Improvements 1,000,000
T280
T281 Towers Renovation 17,794,000
T282
T283 UConn Products Store 1,000,000
T284
T285 Undergraduate Education
T286 Center 650,000
T287
T288 Undergraduate Education
T289 Center 7,450,000
T290
T291 Underground Steam &
T292 Water Upgrade 3,500,000
T293
T294 Underground Steam &
T295 Water Upgrade
T296 Completion 9,000,000
T297
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T298 University Programs
T299 Building – Phase I 8,750,000
T300
T301 University Programs
T302 Building – Phase II
T303 Visitors Center 300,000
T304
T305 Waring Building
T306 Conversion 7,888,000
T307
T308 Waterbury Downtown
T309 Campus 3,000,000
T310
T311 Waterbury Property
T312 Purchase 325,000
T313
T314 West Campus Renovations 14,897,000
T315
T316 West Hartford Campus
T317 Renovations/
T318 Improvements 25,000,000
T319
T320 White Building Renovation 2,430,000
T321
T322 Wilbur Cross Building
T323 Renovation 3,645,000
T324
T325 Young Building
T326 Renovation/Addition 17,000,000
T327
T328 HEALTH CENTER
T329
T330 CLAC Renovation
T331 Biosafety Level 3 Lab 14,000,000
T332
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T333 Deferred maintenance, code
T334 compliance and
T335 infrastructure
T336 improvements 90,000,000
T337
T338 Deferred Maintenance/
T339 Code Compliance/ADA
T340 Compliance/Infrastructure
T341 & Improvements
T342 Renovation Lump Sum
T343 and Utility, Administrative
T344 and Support Facilities
T345 – Health Center 86,000,000
T346
T347 Dental School Renovation 5,000,000
T348
T349 Equipment, Library
T350 Collections and
T351 Telecommunications –
T352 Health Center [75,000,000]
T353 110,000,000
T354
T355 Library/Student Computer
T356 Center Renovation 5,000,000
T357
T358 Main Building Renovation 125,000,000
T359
T360 Medical School Academic
T361 Building Renovation 9,000,000
T362
T363 Parking Garage – Health
T364 Center 8,400,000
T365
T366 Research Tower 60,000,000
T367
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T368 Support Building
T369 Addition/Renovation 4,000,000
T370
T371 System telecommunications
T372 infrastructure upgrades,
T373 improvements and
T374 expansions 6,000,000
T375
T376 The University of
T377 Connecticut
T378 Health Center
T379 New Construction and
T380 Renovation 394,900,000
T381
T382 Planning and Design Costs 25,000,000
T383
T384 The University of
T385 Connecticut Health Center
T386 Joint Venture Initiative 390,000,000
T387
T388 Total – Storrs and Regional
T389 Campus Project List [3,200,000,000]
T390 3,279,100,000
T391
T392 Total – Health Center
T393 Project List [1,201,300,000]
T394 1,332,300,000
T395
T396 TOTAL 382,000,000 868,000,000 [4,401,300,000]
T397 4,611,400,000

Sec. 20. Subdivision (1) of subsection (a) of section 10a -109g of the 294
2026 supplement to the general statutes is repealed and the following is 295
substituted in lieu thereof (Effective July 1, 2026): 296
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(a) (1) The university is authorized to provide by resolution, at one 297
time or from time to time, for the issuance and sale of securities, in its 298
own name on behalf of the state, pursuant to section 10a-109f. The board 299
of trustees of the university is hereby authorized by such resolution to 300
delegate to its finance committee such matters as it may determine 301
appropriate other than the authorization and maximum amount of the 302
securities to be issued, the nature of the obligation of the securities as 303
established pursuant to subsection (c) of this section and the projects for 304
which the proceeds are to be used. The finance committee may act on 305
such matters unless and until the board of trustees elects to reassume 306
the same. The amount of securities the special debt service requirements 307
of which are secured by the state debt service commitment that the 308
board of trustees is authorized to provide for the issuance and sale in 309
accordance with this subsection shall be capped in each fiscal year in the 310
following amounts, provided, to the extent the board of trustees does 311
not provide for the issuance of all or a portion of such amount in a fiscal 312
year, all or such portion, as the case may be, may be carried forward to 313
any succeeding fiscal year and provided further, the actual amount for 314
funding, paying or providing for the items described in subparagraph 315
(C) of subdivision (10) of subsection (a) of section 10a-109d, as amended 316
by this act, may be added to the capped amount in each fiscal year: 317
T398 Fiscal Year Amount
T399
T400 1996 $112,542,000
T401 1997 112,001,000
T402 1998 93,146,000
T403 1999 64,311,000
T404 2000 130,000,000
T405 2001 100,000,000
T406 2002 100,000,000
T407 2003 100,000,000
T408 2004 100,000,000
T409 2005 100,000,000
T410 2006 79,000,000
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T411 2007 89,000,000
T412 2008 115,000,000
T413 2009 140,000,000
T414 2010 0
T415 2011 138,800,000
T416 2012 157,200,000
T417 2013 143,000,000
T418 2014 204,400,000
T419 2015 315,500,000
T420 2016 312,100,000
T421 2017 240,400,000
T422 2018 200,000,000
T423 2019 200,000,000
T424 2020 197,200,000
T425 2021 260,000,000
T426 2022 215,500,000
T427 2023 125,100,000
T428 2024 84,700,000
T429 2025 122,000,000
T430 2026 276,000,000
T431 2027 [192,000,000] 402,100,000
T432 2028 158,500,000
T433 2029 156,500,000
T434 2030 156,000,000
T435 2031 25,000,000

Sec. 21. Subdivision (3) of subsection (c) of section 9 of public act 12 -318
189, as amended by section 102 of public act 13-239, section 212 of public 319
act 15-1 of the June special session and section 157 of public act 16 -4 of 320
the May special session, is amended to read as follows ( Effective July 1, 321
2026): 322
(3) For the Department of Housing: Grant-in-aid to the Connecticut 323
Housing Finance Authority for the purposes of sections 8 -265cc to 8 -324
265ii, inclusive, and section 8 -265kk of the general statutes, and to 325
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capitalize down payment assistance issued under the homeownership 326
loan program established pursuant to sections 8-283 to 8-289, inclusive, 327
of the general statutes, not exceeding $38,000,000. 328
Sec. 22. Section 306 of public act 22 -118, as amended by section 83 of 329
public act 23-205, is amended to read as follows (Effective July 1, 2026): 330
The State Bond Commission shall have power, in accordance with the 331
provisions of this section and sections 307 to 312, inclusive, of public act 332
22-118, as amended by this act , from time to time to authorize the 333
issuance of bonds of the state in one or more series and in principal 334
amounts in the aggregate not exceeding [$135,800,000] $60,800,000. 335
Sec. 23. Subsection (b) of section 307 of public act 22-118, as amended 336
by section 84 of public act 23-205, is repealed. (Effective July 1, 2026) 337
Sec. 24. Section 1 of public act 23 -205, as amended by section 103 of 338
public act 25-174, is amended to read as follows (Effective July 1, 2026): 339
The State Bond Commission shall have power, in accordance with the 340
provisions of this section and sections 2 to 7, inclusive, of public act 23-341
205, as amended by this act, from time to time to authorize the issuance 342
of bonds of the state in one or more series and in principal amounts in 343
the aggregate not exceeding [$741,290,000] $745,890,000. 344
Sec. 25. Subsection (j) of section 2 of public act 23 -205 is amended to 345
read as follows (Effective July 1, 2026): 346
(j) For the Office of the Chief Medical Examiner: For design, 347
alteration, renovation, additions and construction of facilities for the 348
Office of the Chief Medical Examiner, including land acquisition, not 349
exceeding [$28,000,000] $62,600,000. 350
Sec. 26. Subdivision (1) of subsection (n) of section 2 of public act 23 -351
205 is repealed. (Effective July 1, 2026) 352
Sec. 27. Subdivision (2) of subsection (e) of section 13 of public act 23-353
205 is repealed and the following is substituted in lieu thereof ( Effective 354
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from passage): 355
(2) Grants -in-aid to local and regional boards of education and 356
municipalities for the purchase, installation and maintenance of water 357
bottle filling stations and automated external defibrillators at schools 358
designated to receive services pursuant to Title I of the Federal 359
Elementary and Secondary Education Act and at buildings owned or 360
leased by a municipality, not exceeding $3,500,000. 361
Sec. 28. Section 20 of public act 23 -205, as amended by section 46 of 362
public act 24-151, is amended to read as follows (Effective July 1, 2026): 363
The State Bond Commission shall have power, in accordance with the 364
provisions of this section and sections 21 to 26, inclusive, of public act 365
23-205, as amended by this act , from time to time to authorize the 366
issuance of bonds of the state in one or more series and in principal 367
amounts in the aggregate not exceeding [$514,345,000] $484,345,000. 368
Sec. 29. Subdivision (1) of subsection (k) of section 21 of public act 23-369
205 is repealed. (Effective July 1, 2026) 370
Sec. 30. Section 1 of public act 25 -174 is amended to read as follows 371
(Effective July 1, 2026): 372
The State Bond Commission shall have power, in accordance with the 373
provisions of this section and sections 2 to 7, inclusive, of [this act] public 374
act 25-174, as amended by this act , from time to time to authorize the 375
issuance of bonds of the state in one or more series and in principal 376
amounts in the aggregate, not exceeding [$787,405,019] $906,405,019. 377
Sec. 31. Subdivision (3) of subsection (n) of section 2 of public act 25 -378
174 is amended to read as follows (Effective July 1, 2026): 379
(3) For the design and construction of a new Windham Technical 380
High School, not exceeding [$113,705,019] $263,705,019. 381
Sec. 32. Subsection (o) of section 2 of public act 25 -174 is repealed. 382
(Effective July 1, 2026) 383
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Sec. 33. Subdivision (2) of subsection (t) of section 2 of public act 25 -384
174 is repealed. (Effective July 1, 2026) 385
Sec. 34. Section 20 of public act 25-174 is amended to read as follows 386
(Effective July 1, 2026): 387
The State Bond Commission shall have power, in accordance with the 388
provisions of this section and sections 21 to 26, inclusive, of [this act] 389
public act 25-174, as amended by this act, from time to time to authorize 390
the issuance of bonds of the state in one or more series and in principal 391
amounts in the aggregate, not exceeding [$552,500,000] $541,500,000. 392
Sec. 35. Subdivision (2) of subsection (c) of section 21 of public act 25-393
174 is amended to read as follows (Effective July 1, 2026): 394
(2) For the purchase of equipment, minor improvements and other 395
associated costs for a new data center, not exceeding [$16,000,000] 396
$48,000,000; 397
Sec. 36. Subsection (l) of section 21 of public act 25 -174 is repealed. 398
(Effective July 1, 2026) 399
Sec. 37. (NEW) (Effective from passage) (a) As used in this section: 400
(1) "Authority loans" has the same meaning as provided in section 401
10a-223 of the general statutes; and 402
(2) "Eligible graduate program" means an advanced academic or 403
professional degree program that is (A) pursued after earning a 404
bachelor's degree, and (B) determined by the Connecticut Higher 405
Education Supplemental Loan Authority to be an eligible program in 406
accordance with subsection (c) of this section. 407
(b) The Connecticut Higher Education Supplemental Loan Authority 408
shall establish, subject to available funding pursuant to subsection (d) 409
of this section, a Supplemental Graduate Loan Program for the purpose 410
of providing authority loans to students who are enrolled in eligible 411
graduate programs and who meet the eligibility criteria as established 412
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by the authority. 413
(c) The Connecticut Higher Education Supplemental Loan Authority 414
shall determine eligible graduate programs and establish the eligibility 415
criteria and administrative guidelines for the Supplemental Graduate 416
Loan Program in accordance with the authority's written procedures 417
adopted pursuant to subdivision (6) of subsection (f) of section 10a -224 418
of the general statutes. 419
(d) The Connecticut Higher Education Supplemental Loan Authority 420
shall maintain a separate, nonlapsing account to hold funds for the 421
Supplemental Graduate Student Loan Program. The account shall 422
contain any moneys required by law to be deposited in the account, 423
including, but not limited to, any state appropriation or proceeds from 424
the sale of state bonds issued for the purpose of the program. Moneys 425
in the account shall be used (1) for the purpose of the program and for 426
reasonable and necessary expenses for the administration of the 427
program, and (2) for the issuance of authority loans to students enrolled 428
in eligible graduate programs. 429
Sec. 38. (NEW) ( Effective July 1, 2026) (a) For the fiscal year ending 430
June 30, 2028, and each fiscal year thereafter, the Department of 431
Veterans Affairs shall administer a program to provide grants to 432
municipalities and nonprofit providers of human or social services for 433
capital expenditure projects to place or maintain war or veterans' 434
memorials or monuments. 435
(b) Not later than January 1, 2027, the department shall develop 436
eligibility criteria to be used in selecting among applicants for such 437
grants, develop application forms and deadlines and post in a 438
conspicuous location on the department's Internet web site a description 439
of the grant program that includes, but is not limited to, such criteria, 440
forms and deadlines. 441
(c) (1) For the purposes described in subdivision (2) of this subsection, 442
the State Bond Commission shall have the power from time to time to 443
authorize the issuance of bonds of the state in one or more series and in 444
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principal amounts not exceeding in the aggregate two million dollars. 445
(2) The proceeds of the sale of such bonds, to the extent of the amount 446
stated in subdivision (1) of this subsection, shall be used by the 447
Department of Veterans Affairs for the purpose of providing grants to 448
municipalities and nonprofit providers of human or social services for 449
capital expenditure projects under subsection (a) of this section. 450
(3) All provisions of section 3-20 of the general statutes, or the exercise 451
of any right or power granted thereby, that are not inconsistent with the 452
provisions of this section are hereby adopted and shall apply to all 453
bonds authorized by the State Bond Commission pursuant to this 454
section. Temporary notes in anticipation of the money to be derived 455
from the sale of any such bonds so authorized may be issued in 456
accordance with section 3 -20 of the general statutes and from time to 457
time renewed. Such bonds shall mature at such time or times not 458
exceeding twenty years from their respective dates as may be provided 459
in or pursuant to the resolution or resolutions of the State Bond 460
Commission authorizing such bonds. None of such bonds shall be 461
authorized except upon a finding by the State Bond Commission that 462
there has been filed with it a request for such authorization that is signed 463
by or on behalf of the Secretary of the Office of Policy and Management 464
and states such terms and conditions as said commission, in its 465
discretion, may require. Such bonds issued pursuant to this section shall 466
be general obligations of the state and the full faith and credit of the state 467
of Connecticut are pledged for the payment of the principal of and 468
interest on such bonds as the same become due, and accordingly and as 469
part of the contract of the state with the holders of such bonds, 470
appropriation of all amounts necessary for punctual payment of such 471
principal and interest is hereby made, and the State Treasurer shall pay 472
such principal and interest as the same become due. 473
(d) Not later than January 1, 2028, and annually thereafter, the 474
department shall submit a report, in accordance with the provisions of 475
section 11-4a of the general statutes, to the joint standing committee of 476
the General Assembly having cognizance of matters relating to veterans' 477
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and military affairs . Such report shall include information for the 478
preceding calendar year on the number of applications for grants that 479
were received, the number of grants that were awarded and a list of the 480
municipalities and nonprofit providers of human or social services that 481
received grants. 482
Sec. 39. (NEW) (Effective July 1, 2026 ) (a) For the purposes of this 483
section: 484
(1) "Eligible homeowner" means a person who (A) owns and occupies 485
a residential property in the state as such individual's primary 486
residence, (B) is sixty years of age or older or a person with a disability, 487
and (C) has a household income at or below sixty per cent of the median 488
household income for the area in which such individual resides, as 489
determined by the Commissioner of Aging and Disability Services; and 490
(2) "Accessibility modification" means physical alteration made to 491
residential property to improve usability, safety and independence for 492
a person who is elderly or a person with a disability. 493
(b) The Commissioner of Aging and Disability Services shall establish 494
an aging -in-place program to provide grants -in-aid to an eligible 495
homeowner for the purpose of making accessibility modifications that 496
enable such homeowner to remain in such homeowner's primary 497
residence. Any grant awarded under this section shall not exceed ten 498
thousand dollars per eligible homeowner. The commissioner shall 499
establish (1) the application form and process for such program, and (2) 500
the criteria for accessibility modifications and for awarding grants. 501
(c) The commissioner may adopt regulations, in accordance with the 502
provisions of chapter 54 of the general statutes, to carry out the purposes 503
of this section. 504
Sec. 40. Subdivision (2) of section 8-265ccc of the 2026 supplement to 505
the general statutes is repealed and the following is substituted in lieu 506
thereof (Effective July 1, 2026): 507
(2) The loan shall (A) be secured by a mortgage deed on the eligible 508
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sSB85 / File No. 694 30

borrower's residential buildings and all related improvements under 509
development by the eligible borrower, (B) be made in accordance with 510
the eligible financial institution's underwriting policy and standards, 511
except that the loan may have a loan -to-value ratio in excess of typical 512
underwriting standards, and (C) bear interest at a rate that does not 513
exceed the [applicable] prime rate [of the Federal Home Loan Bank of 514
Boston for short-term or long-term advances through the New England 515
Fund program. For the purposes of this subdivision, "applicable rate" 516
means the New England Fund rate that (i) is] published [on the Internet 517
web site of the Federal Home Loan Bank of Boston ] by The Wall Street 518
Journal as of the date the interest rate is locked in by the eligible 519
borrower and eligible financial institution . [, and (ii) has an advance 520
term that most closely corresponds to the term of the loan being made 521
by the participating eligible financial institution.] 522
Sec. 41. Section 8 -265eee of the 2026 supplement to the general 523
statutes is repealed and the following is substituted in lieu thereof 524
(Effective July 1, 2026): 525
Under the program administered by the authority pursuant to 526
subsection (a) of section 8 -265bbb, the authority may, within available 527
resources allocated by the State Bond Commission, make loans or issue 528
grants-in-aid to eligible borrowers that are in addition to the loans made 529
to such eligible borrowers by eligible financial institutions pursuant to 530
section 8 -265ccc, as amended by this act . The loans made by the 531
authority (1) may be (A) amortizing, (B) deferred, or (C) forgivable as to 532
principal and interest, and (2) shall be [(1)] (A) subordinate to the loans 533
made by eligible financial institutions, and [(2)] (B) subject to such terms 534
as the authority may establish, including, but not limited to, loan 535
amounts, interest rates and terms to maturity. The grants-in-aid issued 536
by the authority shall be subject to such terms as the authority may 537
establish. 538
Sec. 42. Section 13a -175a of the 2026 supplement to the general 539
statutes is repealed and the following is substituted in lieu thereof 540
(Effective July 1, 2026): 541
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(a) For each fiscal year there shall be allocated twelve million five 542
hundred thousand dollars out of the funds appropriated to the 543
Department of Transportation, or from any other source, not otherwise 544
prohibited by law, to be used by the towns for (1) [for] the construction, 545
reconstruction, improvement and maintenance of highways, sections of 546
highways, bridges and structures incidental to highways and bridges, 547
including (A) construction, reconstruction, improvements and 548
maintenance intended to increase resiliency against increased 549
precipitation, flooding, sea level rise and extreme heat, and (B) the 550
plowing of snow, the sanding of icy pavements, the trimming and 551
removal of trees, the installation, replacement and maintenance of traffic 552
signs, signals and markings, (2) [for] the purchase and maintenance of 553
equipment used for the purposes described in subdivision (1) of this 554
subsection, including, but not limited to, street sweepers, roadside 555
mowing and vegetation management equipment, snow removal and 556
de-icing equipment and equipment to clean catch basins, (3) traffic 557
control and vehicular safety programs, traffic and parking planning and 558
administration, and other purposes and programs related to highways, 559
traffic and parking, and [(3) for ] (4) the purposes of providing and 560
operating essential public transportation services and related facilities. 561
(b) Notwithstanding the provisions of subsection (a) of this section, 562
the Secretary of the Office of Policy and Management, in the secretary's 563
discretion, may approve the use of funds by a town for purposes other 564
than those enumerated in said subsection. 565
(c) Not later than September 1, 2022, and annually thereafter, each 566
town or district that received funds pursuant to subsection (a) of this 567
section in the preceding fiscal year shall submit a report to the 568
Commissioner of Transportation, in the form and manner prescribed by 569
the commissioner, detailing the amount of such funds expended in such 570
fiscal year for each of the usages enumerated in said subsection or 571
approved pursuant to subsection (b) of this section. 572
(d) The Secretary of the Office of Policy and Management shall reduce 573
the grant payable to a town or district in accordance with subsection (a) 574
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of this section by ten per cent in any fiscal year that the town or district 575
fails to timely submit the report required by subsection (c) of this 576
section. The secretary shall waive such reduction if the town or district 577
submits such report after the due date and provides proof of such 578
submission to the secretary. 579
Sec. 43. Section 13b -78 of the general statutes is repealed and the 580
following is substituted in lieu thereof (Effective July 1, 2026): 581
(a) As used in this section, unless the context clearly indicates a 582
different meaning or intent: 583
(1) "Debt service requirements" has the same meaning as provided in 584
section 13b-75; 585
(2) "Federal program" means any program of financial assistance 586
made by the United States Department of Transportation to the state, 587
including, but not limited to, RRIF, TIFIA or programs established 588
under RRIF or TIFIA; 589
[(2)] (3) "Federal transportation bonds" means one or more special tax 590
obligation bonds authorized to be issued pursuant to subsection (c) of 591
this section; 592
[(3)] (4) "Pledged revenues" has the same meaning as provided in 593
section 13b-75; 594
[(4)] (5) "RRIF" means the Railroad Rehabilitation and Improvement 595
Financing program established by the Transportation Equity Act for the 596
21st Century, P.L. 105-178, as amended from time to time; 597
[(5)] (6) "RRIF loan agreement" means a loan agreement or other 598
credit agreement by and between the state as the borrower and the 599
United States Department of Transportation as the lender, pursuant to 600
which a loan or other form of financial assistance is made by said 601
department to the state in accordance with RRIF; 602
[(6)] (7) "Special Transportation Fund" means the Special 603
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Transportation Fund established pursuant to section 13b-68; 604
[(7)] (8) "State officials" means the Treasurer, the Commissioner of 605
Transportation and the Secretary of the Office of Policy and 606
Management; 607
[(8)] (9) "TIFIA" means the Transportation Infrastructure Finance and 608
Innovation Act, P.L. 105-178, as amended from time to time; and 609
[(9)] (10) "TIFIA loan agreement" means a loan agreement or other 610
credit agreement by and between the state as the borrower and the 611
United States Department of Transportation as the lender, pursuant to 612
which a loan or other form of financial assistance is made by said 613
department to the state in accordance with TIFIA. 614
(b) The state, acting through the state officials, may enter into loan 615
agreements or other credit agreements, including, but not limited to, 616
RRIF loan agreements and TIFIA loan agreements, with the United 617
States Department of Transportation. The state officials (1) may execute 618
and deliver any documents, certificates and instruments related to such 619
agreements and the obligations issued thereunder, (2) shall determine 620
the terms, conditions, covenants and other provisions of such 621
agreements in the best interest of the state, and (3) may take all other 622
actions, including, but not limited to, the preparation, execution and 623
submission of loan applications, necessary to enter into such agreements 624
or receive loans or other financial assistance from said department 625
under any federal program. 626
(c) Special tax obligation bonds may be issued pursuant to sections 627
13b-74 to 13b-77, inclusive, to evidence and secure loans or other forms 628
of financial assistance made [by the United States Department of 629
Transportation] to the state under [one or more ] any federal program. 630
[programs, including, but not limited to, RRIF or programs established 631
under TIFIA.] Such bonds may be secured by a trust indenture by and 632
between the state and a corporate trustee in accordance with the 633
provisions of subsection (g) of section 13b-76. 634
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(d) The debt service requirements and any other obligations with 635
respect to any federal transportation bonds shall be secured by a lien on 636
the pledged revenues as they are received by the state and credited to 637
the Special Transportation Fund. Such lien shall be subordinate and 638
junior in all respects to every lien on pledged revenues securing any 639
special tax obligation bonds issued pursuant to sections 13b -74 to 13b-640
77, inclusive, that are not federal transportation bonds. 641
(e) Whenever the General Assembly authorizes special tax obligation 642
bonds pursuant to any bond act taking effect before, on or after the 643
effective date of this section, such authorization shall be deemed to 644
authorize the issuance of federal transportation bonds. Such federal 645
transportation bonds shall be subject to the requirements, covenants and 646
conditions applicable to special tax obligation bonds as set forth in 647
sections 13b-74 to 13b-77, inclusive, except as otherwise provided in this 648
section. 649
(f) Notwithstanding the provisions of subsection (o) of section 13b -650
76, federal transportation bonds may be issued as taxable bonds, 651
whereby the interest on such bonds may be includable in the gross 652
income of the holders or owners of such bonds under the Internal 653
Revenue Code of 1986, or any subsequent corresponding internal 654
revenue code of the United States, as amended from time to time. 655
(g) Notwithstanding the provisions of subsection (b) of section 13b -656
76, federal transportation bonds issued under any federal program may 657
mature at such time or times as allowable under such federal program 658
but not longer than the useful life of the projects being financed. 659
This act shall take effect as follows and shall amend the following
sections:

Section 1 July 1, 2026 New section
Sec. 2 July 1, 2026 New section
Sec. 3 July 1, 2026 New section
Sec. 4 July 1, 2026 New section
Sec. 5 July 1, 2026 New section
Sec. 6 July 1, 2026 New section
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sSB85 / File No. 694 35

Sec. 7 July 1, 2026 New section
Sec. 8 from passage New section
Sec. 9 from passage New section
Sec. 10 from passage New section
Sec. 11 from passage New section
Sec. 12 from passage New section
Sec. 13 from passage New section
Sec. 14 from passage New section
Sec. 15 from passage New section
Sec. 16 July 1, 2026 10-287d
Sec. 17 July 1, 2026 Repealer section
Sec. 18 July 1, 2026 10a-109d(a)(10)
Sec. 19 July 1, 2026 10a-109e(a)
Sec. 20 July 1, 2026 10a-109g(a)(1)
Sec. 21 July 1, 2026 PA 12-189, Sec. 9(c)(3)
Sec. 22 July 1, 2026 PA 22-118, Sec. 306
Sec. 23 July 1, 2026 Repealer section
Sec. 24 July 1, 2026 PA 23-205, Sec. 1
Sec. 25 July 1, 2026 PA 23-205, Sec. 2(j)
Sec. 26 July 1, 2026 Repealer section
Sec. 27 from passage PA 23-205, Sec. 13(e)(2)
Sec. 28 July 1, 2026 PA 23-205, Sec. 20
Sec. 29 July 1, 2026 Repealer section
Sec. 30 July 1, 2026 PA 25-174, Sec. 1
Sec. 31 July 1, 2026 PA 25-174, Sec. 2(n)(3)
Sec. 32 July 1, 2026 Repealer section
Sec. 33 July 1, 2026 Repealer section
Sec. 34 July 1, 2026 PA 25-174, Sec. 20
Sec. 35 July 1, 2026 PA 25-174, Sec. 21(c)(2)
Sec. 36 July 1, 2026 Repealer section
Sec. 37 from passage New section
Sec. 38 July 1, 2026 New section
Sec. 39 July 1, 2026 New section
Sec. 40 July 1, 2026 8-265ccc(2)
Sec. 41 July 1, 2026 8-265eee
Sec. 42 July 1, 2026 13a-175a
Sec. 43 July 1, 2026 13b-78

FIN Joint Favorable Subst.

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sSB85 / File No. 694 36

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 27 $ FY 28 $
Treasurer, Debt Serv. GF - Cost See Below See Below
Note: GF=General Fund

Municipal Impact: None
Explanation
Table 1 summarizes the increases and reductions in General
Obligation (GO) bond authorizations.
Table 1: Increases and Reductions to GO Bond Authorizations (in
millions of dollars)
Description FY 27 $
General Obligation (GO) Bonds
New or Increased Authorizations* 555.2
Reductions to Current or Pending Authorizations -255.1
NET TOTAL CHANGE TO GO BONDS 300.1
*$30 million of the $555.2 million amount is effective from passage,
rather than the start of FY 27.

If all GO bonds authorized by the bill are allocated by the State Bond
Commission and issued by the Office of the State Treasurer, total debt
repayment for the net increase in authorizations is estimated at $457.7
million over the 20-year duration of the bonds.
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The Out Years
The annualized ongoing fiscal impact s identified above would
continue into the future subject to the terms of any bonds issued.

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OLR Bill Analysis
sSB 85

AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE,
CONCERNING THE UCONN 2000 PROGRAM AND ESTABLISHING
GRANT PROGRAMS FOR SUPPLEMENTAL GRADUATE STUDENT
LOANS, WAR OR VETERANS' MEMORIALS OR MONUMENTS AND
AGING-IN-PLACE.

TABLE OF CONTENTS:
SUMMARY
§§ 1-7 — NEW BOND AUTHORIZATIONS FOR STATE CAPITAL
PROJECTS
Authorizes new state GO bonds for FY 27 for various state capital projects
§§ 8-15 & 37 — SUPPLEMENTAL GRADUATE LOAN PROGRAM
Creates the Supplemental Graduate Loan Program to provide loans to eligible graduate
students and authorizes $30 million in GO bonds for the program
§§ 16, 24, 25, 30, 31 & 35 — BOND AUTHORIZATIONS FOR
PREVIOUSLY ENACTED PROGRAMS AND GRANTS
Increases bond authorizations for various existing grants and purposes by authorizing new
bonding for these purposes in FY 27
§§ 17-20, 24, 26, 28-30, 32-34 & 36 — UCONN RELATED BOND
CHANGES
Cancels and adds various bond authorizations for specified programs and projects related to
UConn, including the UConn 2000 infrastructure program
§ 21 — CONNECTICUT HOUSING FINANCE AUTHORITY BOND
AUTHORIZATION ALLOWABLE USES
Expands the allowable uses of an existing bond authorization for the Connecticut Housing
Finance Authority
§§ 22 & 23 — OTHER BOND CANCELLATION
Cancels a $75 million bond authorization to OPM for state matching funds for projects and
programs allowed under the federal Infrastructure Investment and Jobs Act or the Inflation
Reduction Act of 2022
§ 27 — CHANGES TO DEPARTMENT OF PUBLIC HEALTH GRANT
PROGRAM
Modifies a bond-funded DPH grant program for water bottle filling stations at certain schools
by making municipalities eligible and expanding allowable grant uses to include automated
external defibrillators
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§ 38 — GRANTS PROGRAM FOR WAR OR VETERANS’ MEMORIALS
OR MONUMENTS
Requires DVA to administer a grant program for capital expenditure projects to place or
maintain war or veterans’ memorials or monuments; authorizes $2 million in GO bonds for the
program
§ 39 — AGING-IN-PLACE GRANT PROGRAM
Creates a grant program to aid certain homeowners with making accessibility modifications so
they can remain in their primary residences
§§ 40 & 41 — “HOMES FOR CT” LOAN PROGRAM CHANGES
Makes several changes to the “Homes for CT” loan program, including modifying the interest
rate used to set the cap on what participating lenders may charge
§ 42 — TOWN AID ROAD GRANTS
Expands the purposes for which municipalities may use Town Aid Road grants, allowing them
to buy certain equipment
§ 43 — FEDERAL TRANSPORTATION LOAN PROGRAM ASSISTANCE
AND STATE SPECIAL TAX OBLIGATION BONDS
Allows certain state transportation bonds issued under a federal program to mature at any time
allowed under the federal program, but not longer than the useful life of the projects being
financed

SUMMARY
This bill (1) authorizes new state general obligation (GO) bonds and
new bond programs; (2) adjusts several existing bonds and bond
programs; and (3) makes various other changes, including to the UConn
2000 infrastructure program, as summarized in the sect ion-by-section
analysis that follows.
EFFECTIVE DATE: Various, see below.
§§ 1 -7 — NEW BOND AUTHORIZATIONS FOR STATE CAPITAL
PROJECTS
Authorizes new state GO bonds for FY 27 for various state capital projects
The bill authorizes new GO bonds for FY 27 for the state capital
projects listed in the table below. The bonds are subject to standard
issuance procedures and have a maximum term of 20 years.
Table: New GO Bond Authorizations for FY 27 for State Capital Projects
§ Agency Project Amount
2(a) Department of
Administrative
Replace the current fleet garage in
Wethersfield, including site acquisition,
$20,000,000
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§ Agency Project Amount
Services (DAS) planning activities, and construction costs
2(b) Department of
Emergency Services
and Public Protection
Purchase, construct, and maintain a new
mesonet system (a network of automated
real-time weather stations)
1,500,000
2(c) Department of
Correction
Security upgrades, including new doors,
information technology upgrades, security
cameras, and other work to ensure the
safety of the department’s employees and
inmates
10,000,000
Electronic health records systems, including
digital medical care request systems,
devices, and access points
10,000,000
2(d) Department of Energy
and Environmental
Protection
Natural diversity data base mapping
enhancements and other information
technology resources to streamline the
department’s permitting and environmental
review processes
5,000,000

EFFECTIVE DATE: July 1, 2026
§§ 8-15 & 37 — SUPPLEMENTAL GRADUATE LOAN PROGRAM
Creates the Supplemental Graduate Loan Program to provide loans to eligible graduate
students and authorizes $30 million in GO bonds for the program
The bill requires the Connecticut Higher Education Supplemental
Loan Authority (CHESLA) to create, subject to available funding, a
Supplemental Graduate Loan Program to provide loans to eligible
graduate students. It makes the program’s loans available to students in
or from the state who are enrolled in an eligible advanced academic or
professional degree program, as determined by CHESLA, that is
pursued after earning a bachelor’s degree. The bill requires CHESLA to
adopt eligibility criteria and administrative guidelines for the new loan
program under its board of directors’ existing authority to adopt written
procedures for CHESLA’s loans.
The bill authorizes $30 million in new GO bonds for FY 26 for the
program. The bonds are subject to standard issuance procedures and
have a maximum term of 20 years. The bill includes a standard
provision requiring that, as a condition of bond authorizatio ns for
grants to private entities, each granting agency include repayment
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provisions in its grant contract in case the facility for which the grant is
made stops being used for the grant purposes within 10 years of the
grantee receiving it. The required repayment is reduced by 10% for each
full year that the facility is used for the grant purpose.
Additionally, the bill requires CHESLA to have a separate, non -
lapsing program account to contain program funds, including
appropriations and bond proceeds. The account must be used to issue
program loans and for the program’s reasonable and necessary
administrative expenses.
EFFECTIVE DATE: Upon passage
Background — Related Bill
sSB 8 (File 3), favorably reported by the Higher Education and
Employment Advancement Committee, establishes a substantially
similar CHESLA loan program for graduate students and also
authorizes $30 million in GO bonds for the program, while additionally
carving out at least $60 million from the state’s private activity bond cap
for CHESLA, and increasing, from $300 million to $750 million, the
maximum amount of CHESLA’s bonds backed by a special capital
reserve fund that can be outstanding at any time.
§§ 16, 24, 25, 30, 31 & 35 — BOND AUTHORIZATIONS FOR
PREVIOUSLY ENACTED PROGRAMS AND GRANTS
Increases bond authorizations for various existing grants and purposes by authorizing
new bonding for these purposes in FY 27
The bill increases bond authorizations for various existing grants and
purposes by authorizing new bonding for these purposes in FY 27, as
shown in the table below. It also makes conforming changes to the
corresponding bond supertotals.
Table: FY 27 Authorizations for Previously Enacted Programs and Grants
§ Agency Purpose/Fund FY 27
16 DAS School construction projects $50,000,000
25 Office of the
Chief Medical
Examiner
Facility design, alterations, renovations,
additions, and construction, including land
acquisition
34,600,000
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§ Agency Purpose/Fund FY 27
31 Connecticut
Technical
Education and
Career System
Design and construction of a new Windham
Technical High School
150,000,000
35 DAS Purchase of equipment, minor improvements,
and other associated costs for a new data
center
32,000,000

EFFECTIVE DATE: July 1, 2026
§§ 17 -20, 24, 26, 28 -30, 32 -34 & 36 — UCONN RELATED BOND
CHANGES
Cancels and adds various bond authorizations for specified programs and projects related
to UConn, including the UConn 2000 infrastructure program
The bill makes several changes to bond authorizations for programs
and projects related to UConn, including effectively transferring several
current GO bond authorizations to the UConn 2000 infrastructure
program. (By law, bonds issued as part of the UConn 2000 infrastructure
program are excluded from the state’s cap on bond issuances (CGS § 3-
21(f)(2)).)
The bill repeals a law authorizing $46.1 million in GO bonds over a
five-year period (FY 22 through FY 26) for a program to generally
facilitate recruiting eminent faculty and their research staffs to the
university, while simultaneously authorizing the same bonding amount
for this program under Phase III of the UConn 2000 infrastructure
program (this phase covers FYs 05 through 31).
The bill similarly cancels current GO bond authorizations to the
UConn Health Center for (1) deferred maintenance, code compliance,
and infrastructure improvements ($30 million each in FYs 24, 25, and
27), (2) system telecommunications infrastructure upgra des,
improvements, and expansions ($3 million each in FYs 26 and 27), and
(3) equipment, library collections, and telecommunications ($25 million
in FY 26 and $10 million in FY 27), while also authorizing for the health
center, under UConn 2000 Phase III, (1) $90 million, (2) $6 million, and
(3) $35 million, respectively, for the same purposes. Lastly, the bill
eliminates a current $3 million GO bond authorization for FY 26 to
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UConn for improvements to digital learning infrastructure at a regional
campus while also authorizing the same amount for the same purpose
under UConn 2000 Phase III. For these eliminated authorizations, the
bill makes conforming changes to the corresponding bond supertotals.
The table below lists these and other changes to Phase III project
authorizations. The bill correspondingly increases the UConn 2000
program’s total bond authorization and FY 27 bond cap by $210.1
million.
Table: Changes to UConn 2000 Phase III Project Authorizations (in Millions)
Project Current
Authorization
New
Authorization
Change
Digital learning infrastructure
improvements at a regional campus
$0 $3 $3
Equipment, library collections, and
telecommunications
470 480 10
Lab renovations and equipment 0 20 20
Program to recruit eminent faculty and
research staff
0 46.1 46.1
Deferred maintenance, code compliance,
and infrastructure improvements – Health
Center
0 90 90
Equipment, library collections, and
telecommunications – Health Center
75 110 35
System telecommunications infrastructure
upgrades, improvements, and expansions
– Health Center
0 6 6

EFFECTIVE DATE: July 1, 2026
§ 21 — CONNECTICUT HOUSING FINANCE AUTHORITY BOND
AUTHORIZATION ALLOWABLE USES
Expands the allowable uses of an existing bond authorization for the Connecticut Housing
Finance Authority
The bill allows the Connecticut Housing Finance Authority (CHFA)
to use an existing bond authorization (1) to capitalize assistance issued
under its Down Payment Assistance Program (DAP) or (2) for its
Emergency Mortgage Assistance Program (EMAP). Under current law,
only the latter use is permitted.
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EMAP provides emergency mortgage assistance or emergency lien
assistance to eligible homeowners who have fallen behind (or anticipate
falling behind) on their mortgage payment or non -mortgage expenses
due to a financial hardship beyond their control. DAP g enerally seeks
to help first-time homebuyers by providing subordinate mortgage loans
to eligible borrowers for down payment or closing cost assistance (or
both).
EFFECTIVE DATE: July 1, 2026
Background — Related Bill
sHB 5162 (File 89), favorably reported by the Housing Committee, is
identical to this provision.
§§ 22 & 23 — OTHER BOND CANCELLATION
Cancels a $75 million bond authorization to OPM for state matching funds for projects
and programs allowed under the federal Infrastructure Investment and Jobs Act or the
Inflation Reduction Act of 2022
The bill cancels a $75 million GO bond authorization to the Office of
Policy and Management (OPM) for state matching funds for projects
and programs allowed under the federal Infrastructure Investment and
Jobs Act or the Inflation Reduction Act of 2022. It also makes a
conforming change to the corresponding bond supertotal.
EFFECTIVE DATE: July 1, 2026
§ 27 — CHANGES TO DEPARTMENT OF PUBLIC HEALTH GRANT
PROGRAM
Modifies a bond-funded DPH grant program for water bottle filling stations at certain
schools by making municipalities eligible and expanding allowable grant uses to include
automated external defibrillators
Existing law authorizes $3.5 million in GO bonds to the Department
of Public Health (DPH) for grants to local and regional boards of
education to purchase, install, and maintain water bottle filling stations
at schools designated to receive services under Title I of the federal
Elementary and Secondary Education Act. The bill (1) extends grant
eligibility to municipalities; (2) allows these grants to also be used to
purchase, install, and maintain automated external defibrillators; and
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(3) expands where the two types of devices may be installed to also
include buildings a municipality owns or leases.
EFFECTIVE DATE: Upon passage
§ 38 — GRANTS PROGRAM FOR WAR OR VETERANS’
MEMORIALS OR MONUMENTS
Requires DVA to administer a grant program for capital expenditure projects to place or
maintain war or veterans’ memorials or monuments; authorizes $2 million in GO bonds
for the program
The bill requires the Department of Veterans Affairs (DVA), starting
in FY 28, to administer a grant program for municipalities and
nonprofits providing human or social services for capital expenditure
projects to place or maintain war or veterans’ memorials or monuments.
It authorizes $2 million in GO bonds and requires DVA to use the
proceeds for the grant program the bill establishes. The bonds are
subject to standard statutory bond issuance procedures and repayment
requirements.
By January 1, 2027, DVA must (1) develop (a) eligibility criteria for
selecting among grant applicants and (b) related application forms and
deadlines, and (2) conspicuously post this information on its website.
The bill also requires DVA, starting by January 1, 2028, to annually
report to the Veterans’ and Military Affairs Committee with information
for the preceding calendar year on the number of grant applications
received, the number of grants awarded, and a list of the municipalities
and nonprofits that received grants.
EFFECTIVE DATE: July 1, 2026
Background — Related Bill
sHB 5298 (File 140), favorably reported by the Veterans’ and Military
Affairs Committee, has identical provisions that are effective October 1,
2026.
§ 39 — AGING-IN-PLACE GRANT PROGRAM
Creates a grant program to aid certain homeowners with making accessibility
modifications so they can remain in their primary residences
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The bill requires the aging and disability services commissioner to
create an aging-in-place program to give grants to eligible homeowners
for making accessibility modifications that enable them to remain in
their primary residences.
Under the bill, an “eligible homeowner” is someone who (1) owns
and occupies a residential property in Connecticut as his or her primary
residence, (2) is at least age 60 or a person with a disability, and (3) has
a household income no greater than 60% of the median household
income for the area in which he or she resides, as determined by the
commissioner. An “accessibility modification” is a physical alteration
made to residential property to improve usability, safety, and
independence for a person who is elderly or a person with a disability.
The bill caps grants at $10,000 per eligible homeowner. It also (1)
requires the commissioner to create the program’s application form and
process, including the criteria for accessibility modifications and for
awarding grants, and (2) allows her to adopt regulations to carry out the
program.
EFFECTIVE DATE: July 1, 2026
§§ 40 & 41 — “HOMES FOR CT” LOAN PROGRAM CHANGES
Makes several changes to the “Homes for CT” loan program, including modifying the
interest rate used to set the cap on what participating lenders may charge
The bill makes several changes to the “Homes for CT” loan program,
a CHFA-administered program established under the FYs 26 -27 bond
act to help owners and developers get funding to build new residential
buildings. Under the program, participating banks and credit unions
make loans to eligible borrowers and CHFA guarantees repayment, up
to specified amounts. The law also authorizes CHFA, within available
resources, to make additional subordinate loans to Homes for CT
borrowers subject to any terms it sets, s uch as interest rates and
maturity.
The bill caps the interest rate participating lenders may charge under
the program at the Wall Street Journal prime rate on the date the
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borrower and bank or credit union lock in the rate, rather than a
specified Federal Home Loan Bank of Boston (FHLBank Boston) rate on
that date, as current law requires. The current cap is the FHLBank
Boston’s New England Fund rate for short - or long -term advances,
based on the advance term that most closely matches the loan’s term.
The bill also:
1. specifies that the CHFA loans to Homes for CT borrowers may
be amortizing, deferred, or forgivable as to principal and interest;
2. authorizes CHFA to make grants to Homes for CT borrowers,
subject to terms it sets; and
3. limits CHFA’s authority to provide these loans and grants to
available resources allocated by the State Bond Commission.
By law, “Homes for CT” loans must be used for expenses needed to
complete residential building construction or build related
improvements that CHFA determines are necessary. The program may
issue up to $100 million in loans and pay up to $10 million to honor loan
guarantees. The FYs 26-27 bond act authorizes up to $20 million in GO
bonds for FYs 26 and 27 for the program.
EFFECTIVE DATE: July 1, 2026
Background — Related Bill
HB 5314 (File 110), favorably reported by the Banking Committee and
passed by the House, has identical provisions.
§ 42 — TOWN AID ROAD GRANTS
Expands the purposes for which municipalities may use Town Aid Road grants, allowing
them to buy certain equipment
The bill expands the purposes for which municipalities may use
Town Aid Road (TAR) grants, allowing them to buy certain equipment.
Existing law allows towns to use these grants to do specified work,
which includes building and maintaining highways and bridges. Under
the bill, towns may also use TAR grant funds to buy and maintain
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equipment to do that work, such as equipment for street sweeping,
roadside mowing, vegetation management, snow and ice removal, and
cleaning catch basins.
Under existing law, unchanged by the bill, the OPM secretary may
approve a town’s request to use grant funds for other purposes.
EFFECTIVE DATE: July 1, 2026
Background — Related Bill
HB 5501 (File 273), favorably reported by the Planning and
Development Committee, has identical provisions that are effective
October 1, 2026.
§ 43 — FEDERAL TRANSPORTATION LOAN PROGRAM
ASSISTANCE AND STATE SPECIAL TAX OBLIGATION BONDS
Allows certain state transportation bonds issued under a federal program to mature at any
time allowed under the federal program, but not longer than the useful life of the projects
being financed
Existing law authorizes the treasurer, OPM secretary, and
transportation commissioner to enter into loan agreements or other
credit agreements with the U.S. Department of Transportation (U.S.
DOT), including agreements under the federal Transportation
Infrastructure Finance and Innovation Act (TIFIA) and Railroad
Rehabilitation and Improvement Financing (RRIF) programs. It also
authorizes the issuance of “federal transportation bonds,” which are
state special tax obligation (STO) bonds that are issued to evidence and
secure U.S. DOT loans or other financial assistance made to the state
under federal programs.
The bill allows, regardless of existing state STO bond procedures,
federal transportation bonds issued under any federal program to
mature at any time that is allowed under the federal program, but not
longer than the useful life of the projects being financed. Under the bill,
“federal program” is any program of financial assistance made by the
U.S. DOT to Connecticut, including RRIF, TIFIA, or programs
established under them.
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The bill also makes technical and conforming changes.
EFFECTIVE DATE: July 1, 2026
COMMITTEE ACTION
Finance, Revenue and Bonding Committee
Joint Favorable Substitute
Yea 46 Nay 7 (03/31/2026)