Section 10-265t - Bond issue for school air quality improvement grants(a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate three hundred seventy-five million dollars, provided one hundred fifty million dollars of said authorization shall be effective July 1, 2024.(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Administrative Services for the purpose of providing grants-in-aid for school air quality improvements including, but not limited to, upgrades to, replacement of or installation of heating, ventilation and air conditioning equipment, provided (1) not more than fifty million dollars of such proceeds may be used to provide reimbursements for such improvements that were completed not earlier than March 1, 2020, and not later than July 1, 2022, and (2) not more than fifteen million dollars of such proceeds shall be used for grants-in-aid for the purchase of equipment and materials for the construction and installation of individual classroom air purifiers, provided not more than eleven million five hundred thousand dollars of such proceeds shall be used by The University of Connecticut as part of the Supplemental Air Filtration for Education program under the Clean Air Equity Response Program for the purposes described in this subdivision, and the remainder of such proceeds shall be used by an organization or organizations that provide equipment and materials for individual classroom air purifiers to schools.(c) All provisions of section 3-20, or the exercise of any right or power granted thereby, which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due.Conn. Gen. Stat. § 10-265t
Amended by P.A. 24-0151,S. 170 of the Connecticut Acts of the 2024 Regular Session, eff. 7/1/2024.Amended by P.A. 23-0205,S. 58 of the Connecticut Acts of the 2023 Regular Session, eff. 7/1/2023.Added by P.A. 22-0118, S. 360 of the Connecticut Acts of the 2022 Regular Session, eff. 7/1/2022.