AN ACT AUTHORIZING BONDS OF THE STATE FOR STUDENT HOUSING AT THE AVERY POINT CAMPUS OF THE UNIVERSITY OF CONNECTICUT.

Plain English Breakdown

The bill's purpose mentions increasing student population, but it does not provide details on how this will be achieved or enforced.

Act to Fund Student Housing Bonds

This act allows the state to issue bonds up to $40 million to fund new student housing construction at the Avery Point campus of the University of Connecticut.

What This Bill Does

• Allows the State Bond Commission to authorize the issuance of up to $40 million in bonds.
• The money from these bonds will be used by the University of Connecticut for designing and building new student housing.

Who It Names or Affects

• Students who attend or plan to attend the Avery Point campus of the University of Connecticut
• The State Bond Commission, which will authorize the bond issuance

Terms To Know

State Bond Commission

A group that decides whether and how much money can be borrowed by issuing bonds.

Bonds

Financial instruments used to raise money for projects, promising to pay back the amount borrowed plus interest over time.

Limits and Unknowns

• The bill does not specify when or how the bond funds will be distributed.
• It is unclear what happens if the full $40 million is not needed for the project.

Official Summary Text

To provide funding for student housing at the Avery Point Campus of The University of Connecticut and increase the student population.

Current Bill Text

LCO No. 878 1 of 1

General Assembly Proposed Bill No. 175
February Session, 2026 LCO No. 878

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. OSTEN, 19th Dist.
SEN. MARX, 20th Dist.
REP. BUMGARDNER, 41st Dist.
REP. GAUTHIER, 38th Dist.
REP. MENAPACE, 37th Dist.
REP. PEMBERTON, 139th Dist.
REP. WILSON, 46th Dist.
REP. GAIEWSKI, 40th Dist.
REP. NOLAN, 39th Dist.

AN ACT AUTHORIZING BONDS OF THE STATE FOR STUDENT
HOUSING AT THE AVERY POINT CAMPUS OF THE UNIVERSITY OF
CONNECTICUT.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the State Bond Commission be empowered to authorize the 1
issuance of bonds of the state in accordance with section 3 -20 of the 2
general statutes, in principal amounts not exceeding in the aggregate 3
forty million dollars, the proceeds of which shall be used by The 4
University of Connecticut for the design and construction of student 5
housing at the Avery Point Campus. 6
Statement of Purpose:
To provide funding for student housing at the Avery Point Campus of
The University of Connecticut and increase the student population.