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--- version:File No. 257+++ version:(document, no version)@@ -1,100 +1,4 @@-House of Representatives-HB5504 / File No. 257 1--General Assembly File No. 257-February Session, 2026 House Bill No. 5504--House of Representatives, March 30, 2026--The Committee on Planning and Development reported-through REP. KAVROS DEGRAW of the 17th Dist.,-Chairperson of the Committee on the part of the House, that the-bill ought to pass.-- AN ACT AMENDING THE CHARTER OF THE CORNFIELD POINT-ASSOCIATION.-Be it enacted by the Senate and House of Representatives in General-Assembly convened:--Section 1. Section 13 of number 467 of the special acts of 1943, as 1-amended by number 56 of the special acts of 1949, number 10 of the 2-special acts of 1957, section 2 of special act 74 -29, special act 76 -36, 3-special act 87-58, special act 89-35 and section 23 of special act 09 -13, is 4-amended to read as follows (Effective from passage): 5-The board of governors of the Cornfield Point Association shall 6-prepare and submit a budget to said association at each annual meeting 7-[a budget] of the association and recommend a tax assessment [for the 8-purpose of and ] based upon said budget , [but not to exceed five 9-hundred] provided no such assessment shall exceed one thousand 10-dollars on each lot of land having a dwelling or cottage thereon, [located 11-within the limits of the association, and not to exceed one ] or two 12-hundred dollars on each vacant lot , [located within the limits of said 13-HB5504 File No. 257--HB5504 / File No. 257 2--association,] as the same shall appear of record on October first of the 14-preceding year. [Said] The association shall have the power to decrease 15-said budget [and] or rate of tax assessment recommended by [said] the 16-board of governors, but in no case shall [it have the power to ] the 17-association increase [the] such budget [and] or rate of tax assessment. 18-The rate of tax assessment recommended by the board of governors 19-shall be final unless decreased by the association at such annual 20-meeting. The tax collector of [said] the association shall collect such tax 21-assessments and keep a tax record , [shall be kept and ] signed by the 22-secretary of [said] the association, on or before the first Saturday of 23-October in each year . [and warrants may be issued ] The tax collector 24-may issue a warrant for the collection of money due on [the] annual bills 25-[,] pursuant to the provisions of section 12 -145 of the general statutes. 26-Such tax assessment shall be a lien upon the property upon which it 27-[shall be] is laid. [and such] Such lien may be continued by certificate 28-and shall be recorded on the land records of the town of Old Saybrook 29-pursuant to the provisions of the general statutes relating to continuance 30-of tax liens. 31-This act shall take effect as follows and shall amend the following-sections:--Section 1 from passage Number 467 of the-special acts of 1943, Sec.-13--PD Joint Favorable--HB5504 File No. 257--HB5504 / File No. 257 3--The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of-the General Assembly, solely for purposes of information, summarization and explanation and do not-represent the intent of the General Assembly or either chamber thereof for any purpose. In general,-fiscal impacts are based upon a variety of informational sources, including the analyst’s professional-knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final-products do not necessarily reflect an assessment from any specific department.--OFA Fiscal Note--State Impact: None-Municipal Impact:-Municipalities Effect FY 27 $ FY 28 $-Special District Cornfield Point-Association-Revenue-Gain-None See Below--Explanation-The bill amends the charter of the Cornfield Point Association special-district within Old Saybrook to allow increased assessments on-property located within the district. This results in a revenue gain to the-district beginning in FY 28 that is dependent on the amount of the-assessment and the number of properties on which it is assessed.-The Out Years-The annualized ongoing fiscal impact identified above would-continue into the future subject to inflation.--HB5504 File No. 257--HB5504 / File No. 257 4+Researcher: JSB Page 1 3/30/26OLR Bill AnalysisHB 5504
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