Senate Bill No. 117, also known as Public Act No. 24-23, is a legislative act that amends Section 36a-23a of the general statutes, with an effective date of October 1, 2024. The bill concerns the designation of Martin Luther King, Jr. Corridors, which are areas designated to promote secured and unsecured lending within the state.
The key change made by this bill is the increase in the number of Martin Luther King, Jr. Corridors from three to seven. This amendment indicates an expansion of the initiative to promote lending, suggesting a legislative intent to enhance economic activity and financial accessibility in more areas of the state. The deletion of "three" and the insertion of "seven" are the specific modifications to the existing law. The bill was approved on May 21, 2024.
Statutes affected: Raised Bill:
BA Joint Favorable:
File No. 111:
Public Act No. 24-23: