OLR Bill Analysis

sSB 375

AN ACT CONCERNING REIMBURSEMENT UNDER THE UNDERGROUND STORAGE TANK PETROLEUM CLEAN-UP PROGRAM.

SUMMARY:

This bill authorizes up to $ 8 million in state general obligation bonds and requires the Underground Storage Tank Petroleum Clean-Up Review Board to use the proceeds for payment or reimbursement of approved claims. The bonds are subject to standard statutory bond issuance procedures and repayment requirements.

EFFECTIVE DATE: July 1, 2012

COMMITTEE ACTION

Environment Committee

Joint Favorable Substitute