The bill, known as General Assembly Raised Bill No. 519, proposes amendments to a prior conveyance of state land to the City of Bridgeport. Specifically, it modifies Section 15 of special act 07-11, which governs the conveyance of a 1.008-acre parcel of land to the Bridgeport Port Authority. The bill stipulates that the land will be conveyed at a cost equal to the administrative expenses associated with the conveyance, rather than the fair market value determined by appraisals. The new cost for the parcel is set at one hundred nineteen thousand dollars. Additionally, the Bridgeport Port Authority is required to use the land for economic development or waterfront-related purposes, with provisions for reversion to the state if these conditions are not met.

Furthermore, the bill includes a provision for the Department of Transportation to grant the Bridgeport Port Authority a right of way from Stratford Avenue directly to the parcel. The State Properties Review Board is tasked with completing its review of the conveyance within thirty days of receiving a proposed agreement from the Department of Transportation. The bill emphasizes that the land will remain under the care and control of the Department of Transportation until the conveyance is finalized, and the State Treasurer will execute any necessary deeds or instruments for the transfer.