Connecticut § 13b-55d Small harbor improvement projects account. Deposit and expenditure of funds.

Connecticut Statutes

§ 13b-55d — Small harbor improvement projects account. Deposit and expenditure of funds.

Connecticut·Title 13b Transportation·Ch. 242 Department of Transportation

(a)The Connecticut Port Authority shall establish an account to be known as the “small harbor improvement projects account”. There shall be deposited in the account:

(1)The proceeds of notes, bonds or other obligations issued by the state for the purpose of deposit therein and used in accordance with the permissible uses thereof;

(2)funds appropriated by the General Assembly for the purpose of deposit therein and used in accordance with the permissible uses thereof; and (3) any other funds required or permitted by law to be deposited in the account. The funds in said account shall be expended by the authority for the purposes described in subsection (b) of this section. As used in this section, “small harbor” means any harbor in the state not under the authority of the Connecticut Port

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(a) The Connecticut Port Authority shall establish an account to be known as the “small harbor improvement projects account”. There shall be deposited in the account: (1) The proceeds of notes, bonds or other obligations issued by the state for the purpose of deposit therein and used in accordance with the permissible uses thereof; (2) funds appropriated by the General Assembly for the purpose of deposit therein and used in accordance with the permissible uses thereof; and (3) any other funds required or permitted by law to be deposited in the account. The funds in said account shall be expended by the authority for the purposes described in subsection (b) of this section. As used in this section, “small harbor” means any harbor in the state not under the authority of the Connecticut Port Authority. (b) The small harbor improvement projects account may be used (1) for federal and nonfederal dredging projects in small harbors to (A) support, in full or in part, local and state matching requirements for such projects; (B) cover the incremental costs associated with applicable environmental regulatory requirements or management practices, including beneficial use; and (C) cover part or all of the costs of such projects in the absence of adequate federal funds; and (2) to fund private maritime infrastructure projects in small harbors, provided all applicable permits and authorizations are obtained before such private maritime infrastructure projects receive any such funding. If the account is used for the purpose described in subparagraph (C) of subdivision (1) of this subsection, the authority shall pursue reimbursement to the account from the federal government. (c) The authority shall adopt procedures in accordance with section 1-121 to implement the provisions of this section, including, but not limited to, a process for contracting for projects in small harbors under this section.

Connecticut § 13b-55d (Small harbor improvement projects account. Deposit and expenditure of funds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.