The proposed legislation, General Assembly Raised Bill No. 7130, mandates that the State Properties Review Board review any real estate acquisitions funded by grants-in-aid to municipalities, specifically under sections 4-66c and 4-66g of the general statutes. This review process is to be implemented prior to the acquisition of the property by the municipality, and the board is required to send a copy of its review to the municipality, the Secretary of the Office of Policy and Management, and any relevant state agency administering the grant-in-aid. The bill introduces new subsections (g) in section 4b-3 and (f) in section 4-66c, both effective October 1, 2025.

Additionally, the bill repeals subsection (d) of section 4-66g and replaces it with language that clarifies the administration of grants-in-aid under the small town economic assistance program. The new language specifies that municipalities receiving such grants for real property acquisitions will not need approval or review from any state agency, except for the review by the State Properties Review Board as outlined in the amended section 4b-3. This change aims to streamline the process while ensuring oversight through the review board.