The General Assembly Raised Bill No. 1242 aims to provide funding for small harbor improvement projects in Connecticut by authorizing the issuance of bonds totaling up to twenty million dollars. The bill amends Section 102 of public act 21-111, allowing the proceeds from these bonds to be deposited into a newly established "small harbor improvement projects account." This account will be used for various purposes, including funding dredging projects, covering costs associated with environmental regulations, and reimbursing costs for previously approved dredging projects at small harbors.

Additionally, the bill repeals and replaces Section 13b-55d of the general statutes, defining "small harbor" and outlining the funding mechanisms for the small harbor improvement projects account. It specifies that the funds can be used for federal and non-federal dredging projects, private maritime infrastructure projects, and reimbursement for dredging projects that commenced before the disbursement of funds. The bill also includes provisions for the Connecticut Port Authority to adopt procedures for implementing these changes. Overall, the act is set to take effect on July 1, 2025.

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