Sec. 13b-55b. Harbor improvement account. Deposit and expenditure of funds.
Sec. 13b-55b. Harbor improvement account. Deposit and expenditure of
funds. (a) There is established an account to be known as the "harbor improvement
account" which shall be a separate, nonlapsing account within the General Fund. 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 use in accordance with the
permissible uses thereof; (2) funds appropriated by the General Assembly for the purpose of deposit therein and use 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 Commissioner of Transportation for the purpose
of initiating harbor improvement projects in accordance with section 13b-55a and for
the purposes described in subsection (b) of this section.
(b) The harbor improvement account may be used for federal dredging projects (1)
to support, in full or in part, local and state matching requirements for such projects;
(2) to cover the incremental costs associated with applicable environmental regulatory
requirements or management practices, including beneficial use; and (3) to cover part
or all of the costs of such projects in the absence of adequate federal funds. If any
account funds are used for the purpose described in subdivision (3) of this subsection, the
commissioner shall pursue reimbursement to the account from the federal government.
(P.A. 08-101, S. 10.)
History: P.A. 08-101 effective May 27, 2008.