Governor  Dannel P. Malloy
 

Bond Programs

General Obligation Bonds School Construction
Connecticut General Obligation Bonds

General Obligation Bonds (“GO”) are Connecticut’s primary bonding program. The full faith and credit of the State are pledged for payment of principal and interest.

GO bonds are used to finance school construction grants; the construction of buildings; grants and loans for housing; economic development; community care facilities; state parks; and open space. Roughly half of the bonding is for school construction.

The GO program has also issued pension obligation bonds for the Teachers’ Retirement Fund, GAAP Conversion bonds and Economic Recovery Notes.


UCONN 2000 Bonds UCONN Supporting Students and Campus
UCONN 2000 Bonds

The UConn 2000 program finances infrastructure improvements for the University of Connecticut; its campuses; and the UConn Health Center.

The bonds are general obligations of the University and are additionally secured by the State’s commitment to pay the debt service on the bonds. Up to $4.3 billion of bonds will be issued under a 28-year capital program to rebuild and refurbish the University.


Special Tax Obligation Bonds Finance Road Construction

Special Tax Obligation Bonds (for Transportation Infrastructure)

Special Tax Obligation (“STO”) bonds are issued for the State’s portion of transportation infrastructure improvements, including highway and bridge construction and maintenance, mass transportation and transit facilities, waterway facilities, and DOT maintenance and administrative facilities.

Debt service on STO bonds is repaid from the dedicated revenue stream of the Special Transportation Fund including the motor fuels tax, oil companies taxes, a portion of the general retail sales taxes, motor vehicle receipts, licenses, permits and fees, sales tax collected on casual motor vehicle sales, and other transportation related revenues.


Clean Water Fund Bonds (State Revolving Fund)

The Connecticut Clean Water Program includes the Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF) programs, also known as Green Bonds. The CWSRF program was established in 1986 and the DWSRF program was implemented in 1996.

The Clean Water program partners with local governments in building and financing projects that improve water quality and protect public health while sustaining the State’s significant natural resources. This includes 450,000 acres of wetlands, 6,000 miles of streams and rivers, over 2,000 lakes and reservoirs, and 600 square miles of estuarine water in Long Island Sound.

The Drinking Water program ensures that Connecticut’s public water sources and systems maintain safe, adequate, and sustainable drinking water to residents and visitors of our state. This is done by making available, to the over 2,000 public water systems, low-cost financial assistance for various infrastructure improvement projects.

Proceeds of a Green Bond are specifically targeted to invest in environmentally beneficial projects of the issuer. Examples include projects related to clean water, renewable energy, energy efficiency, river/habitat restoration, acquisition of land, or mitigation of “climate change.”


Other Bond Programs

Various state authorities issue their own debt. Please contact them directly.

 

Connecticut Health and Educational Facilities Authority

10 Columbus Boulevard
7th Floor
Hartford, CT, 06106-1976

www.chefa.com
(860) 520-4700

 

Connecticut Housing Finance Authority
999 West Street
Rocky Hill, CT, 06067
www.chfa.org
(860) 721-9501

 

Materials Innovation and Recycling Authority
200 Corporate Place
Suite 202
Rocky Hill, CT, 06067
www.ctmira.org
(860) 757-7700

Connecticut Higher Education Supplemental Loan Authority

10 Columbus Boulevard
7th Floor
Hartford, CT, 06106-1976

www.chesla.org
(860) 520-4001

 

Connecticut Innovations
865 Brook Street
Rocky Hill, CT, 06067
www.ctinnovations.com
(888) 337-5454

 

Capital Region Development Authority
100 Columbus Boulevard
Suite 500
Hartford, CT, 06103
www.crdact.net
(860) 527-0100


Top