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Connecticut Budget Act Increases Holdback for School Building Project Grants

Publisher: Day Pitney Alert
November 2, 2017
Day Pitney Author(s) Judith A. Blank

On October 26, the Connecticut Senate and House of Representatives voted to give final legislative passage to a 2017-2019 biennium budget (the Budget Act). The Budget Act was signed into law by the Governor on October 31. Section 64 of the Budget Act amends Section 10-287i of the Connecticut General Statutes to increase the amount of school building project progress payment grants withheld by the state from five percent (5%) to eleven percent (11%).

For your convenience, the Budget Act can be found here.

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