The Component Units are organizations which are legally separate from the State of Connecticut for which the State is financially accountable. The Component Units of the State of Connecticut are described as follows:
Connecticut Development Authority:
the Connecticut Development Authority is a public
instrumentality and political subdivision of the State. The
Authority was created to stimulate industrial and
commercial development within the State through its
Self-Sustaining Bond Program, its Umbrella Program and
its Insurance Program.
Connecticut Housing Finance Authority:
the Connecticut Housing Finance Authority is a public
instrumentality and political subdivision of the State
created for the purpose of increasing the housing supply
and encouraging and assisting in the purchase,
development and construction of housing for low and
moderate income families throughout the State.
Connecticut Resources Recovery Authority:
the Connecticut Resources Recovery Authority is a public
instrumentality and political subdivision of the State. The
Authority is responsible for implementing the State s solid
waste management plan, which includes design,
construction and operation of resources recovery facilities
and the marketing of recovered products.
Connecticut Higher Education Supplemental Loan
Authority:
the Connecticut Higher Education Supplemental Loan
Authority is a public instrumentality and political
subdivision of the State. The Authority was created to
assist students, their parents and institutions of higher
education to finance the cost of higher education through
its bond funds.
Connecticut Health and Educational Facilities
Authority:
the Connecticut Health and Educational Facilities
Authority is a public instrumentality and political
subdivision of the State. The Authority was created to
assist certain health care institutions, institutions of higher
education, and qualified for-profit and not-for-profit
institutions in the financing and refinancing of projects to
be undertaken in relation to programs for these
institutions.
Connecticut Innovations, Incorporated:
Connecticut Innovations is a public instrumentality and
political subdivision of the State. It was established to
stimulate and promote technological innovation and
application of technology within Connecticut by providing
financial technical assistance.
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