Connecticut HB 5394: AN ACT CONCERNING THE DISCONTINUANCE AND REPLACEMENT OF THE LONDON INTERBANK OFFERED RATE.
Status: PUBLIC HEARING 0318 (as of 2022-03-14)
State: Connecticut · Session: 2022 · Bill: HB 5394
Subjects: Banks, Financial institutions, Interest
Sponsors: Judiciary Committee
Bill Text
LCO 1 of 4 General Assembly Substitute Bill No. 5394 February Session, 2026 AN ACT CONCERNING THE UNIFORM RELOCATION ASSISTANCE ACT. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Section 8-270 of the general statutes is repealed and the 1 following is substituted in lieu thereof (Effective October 1, 2026): 2 (a) In addition to amounts otherwise authorized by this chapter, a 3 state agency shall make a payment to or for any displaced person who 4 is displaced from any dwelling and not eligible to receive a payment 5 under section 8-269, [which] provided such dwelling was actually and 6 lawfully occupied by such displaced person for not less than ninety days 7 prior to the initiation of negotiations for the acquisition of such dwelling 8 under the program or project which results in such person being 9 displaced. [Such] 10 (b) Any payment made pursuant to this section shall be [either (1) 11 the] in an amount necessary to enable such displaced person to (1) lease 12 or rent, for a period not to exceed four years, a decent, safe [,] and 13 sanitary dwelling of standards adequate to accommodate such person, 14 or accommodations in a hotel, as defined in section 12-407, in [areas] an 15 area not generally less desirable with regard to public utilities and 16 public and commercial facilities, and reasonably accessible to such 17 displaced person's place of employment, [but not to] provided no such 18 Substitute Bill No. 5394 LCO 2 of 4 payment shall exceed four thousand dollars, or (2) [the amount 19 necessary to enable such displaced person to] make a down payment, 20 including reasonable expenses incurred by such displaced person for 21 evidence of title, recording fees [,] and other closing costs incident to the 22 purchase of a decent, safe [,] and sanitary dwelling of standards 23 adequate to accommodate such person in [areas] an area not generally 24 less desirable with regard to public utilities and public and commercial 25 facilities, [but not to] provided no such payment shall exceed four 26 thousand dollars. [, except that if such amount exceeds two thousand 27 dollars, such] Any person [must equally] who receives a payment 28 pursuant to subdivision (2) of this subsection in excess of two thousand 29 dollars shall match any such amount in excess of two thousand dollars 30 in making [the downpayment, and provided, whenever] such down 31 payment. 32 (c) Whenever any tenant [in any] of a dwelling unit is displaced as 33 the result of the enforcement of any code to which this section is 34 applicable by any town, city or borough or agency thereof, the landlord 35 of such dwelling unit shall be liable for any payments made by such 36 town, city or borough pursuant to subsection (b) of this section or by the 37 state pursuant to subsection (b) of section 8-280, as amended by this act, 38 and the town, city or borough or the state may place a lien on any real 39 property owned by such landlord to secure repayment to the town, city 40 or borough or the state of such payments, which lien shall have the same 41 priority as and shall be filed, enforced and discharged in the same 42 manner as a lien for municipal taxes under chapter 205. 43 [(b)] (d) Notwithstanding the provisions of this section, in the case of 44 displacement of a person on or after October 1, 2007, because of 45 acquisition of real property by a redevelopment agency pursuant to 46 section 8-128, a development agency pursuant to section 8-193, or an 47 implementing agency pursuant to section 32-224, pursuant to a 48 redevelopment plan approved under chapter 130 or a development plan 49 approved under chapter 132 or 588l, the agency shall make relocation 50 payments as provided under the federal Uniform Relocation Assistance 51 and Real Property Acquisition Policies Act of 1970, 42 USC 4601 et seq. 52 Substitute Bill No. 5394 LCO 3 of 4 and any subsequent amendments thereto and regulations promulgated 53 thereunder if payments under said act and regulations would be greater 54 than payments under this section and sections 8-268 and 8-269. 55 Sec. 2. Section 8-280 of the general statutes is repealed and the 56 following is substituted in lieu thereof (Effective October 1, 2026): 57 (a) The state, acting by and in the discretion of the Commissioner of 58 Housing, may enter into a contract or agreement with a state agency to 59 provide state financial assistance to [such] the state agency in the form 60 of a grant-in-aid equal to two-thirds of the net cost of [carrying out] a 61 program [of] to provide relocation assistance pursuant to a relocation 62 plan [as provided under] prepared pursuant to section 8-281 and 63 approved by the commissioner. [Such] Any such grant-in-aid shall: (1) 64 Provide actual administration costs not to exceed one hundred dollars 65 for each dwelling unit and two hundred fifty dollars for each farm or 66 business, relocated in accordance with the provisions of
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