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Office of the State Comptroller
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Agenda Item Number: 1
Public Act or Special Act: Public Act
Act Number: 17-002
Section: 389(d)(2)
Recipient Category: Non-Profits
Municipality:
Use of Funds: Miscellaneous/Other
Program Area: Economic Development
Any Use of Previously Allocated Funds?: False
Allocation Amount: $3,500,000.00
How Much: $0.00
Description: These funds are requested, along with those under Item 5, to finance grants-in-aid and loans under the Connecticut Manufacturing Innovation Fund established by section 32-7o of the general statutes and for grants-in-aid the Connecticut Center for Advanced Technology pursuance to the act. The release of these funds will be controlled through the allotment process pending project selections.
Agenda Item Number: 2
Public Act or Special Act: Public Act
Act Number: 17-002
Section: 397(b)(3)
Recipient Category: State
Municipality:
Use of Funds: Environmental Remediation
Program Area: General Government/Administration
Any Use of Previously Allocated Funds?: False
Allocation Amount: $5,000,000.00
How Much: $0.00
Description: These funds are requested to finance the estimated costs of the ongoing Statewide Asbestos Abatement Program. These funds are expended in support of ongoing renovation and repair projects statewide.
Agenda Item Number: 3
Public Act or Special Act: Public Act
Act Number: 17-002
Section: 397(b)(4)
Recipient Category: Non-Profits
Municipality:
Use of Funds: Equipment/Information Technology
Program Area: General Government/Administration
Any Use of Previously Allocated Funds?: False
Allocation Amount: $1,500,000.00
How Much: $0.00
Description: These funds are requested to finance replacement of networking technology infrastructure for the Connecticut Education Network
Agenda Item Number: 4
Public Act or Special Act: Public Act
Act Number: 17-002
Section: 404
Recipient Category: Non-Profits
Municipality:
Use of Funds: Buildings, Facilities, Grounds
Program Area: Housing
Any Use of Previously Allocated Funds?: False
Allocation Amount: $779,000.00
How Much: $0.00
Description: These funds are requested to provide a grant-in-aid to Kent Affordable Housing, Inc. or another eligible applicant as such term is defined in Section 8-37pp of the Connecticut General Statutes, to assist with construction of three affordable housing units on Maple Street Extension in Kent.
Agenda Item Number: 4
Public Act or Special Act: Public Act
Act Number: 17-002
Section: 404
Recipient Category: For-Profits
Municipality:
Use of Funds: Buildings, Facilities, Grounds
Program Area: Housing
Any Use of Previously Allocated Funds?: False
Allocation Amount: $3,662,560.00
How Much: $0.00
Description: These funds are requested to provide a loan to Veterans Terrace Communities I, LLC., or another eligible applicant as such term is defined in Section 8-37pp of the Connecticut General Statutes, to assist with phase 1 redevelopment of Veterans Terrace, a State Sponsored Housing Portfolio development, in East Hartford. This phase consists of demolition of 42 units and new construction of 45 units serving households at or below 50% of Area Median Income.
The loan will be provided at not less than 0% for a term not to exceed fifty years.
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