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House Bill No. 5506

Public Act No. 22-118 119 of 739

(a) Notwithstanding the provisions of section 4-66l of the general statutes, for the fiscal years ending June 30, 2022, and June 30, 2023: (1) Payments for the motor vehicle property tax grants shall be made in accordance with the provisions of subsection (c) of section 4-66l of the general statutes and from the funds appropriated for said fiscal years for such purpose; and (2) Payments for the grants payable under said section pursuant to subsection (d) of section 12-18b, subdivisions (1) and (3) of subsection (e) of section 12-18b, subsection (b) of section 12-19b and subsections (b) and (c) of section 12-20b of the general statutes shall be made from the funds appropriated for said fiscal years for such purpose and the remaining balance due for such grants shall be made from the municipal revenue sharing account established under section 4-66l of the general statutes. (b) (1) After the payment of the remaining balance, as set forth in subdivision (2) of subsection (a) of this section, has been made from the municipal revenue sharing account for each said fiscal year, the following amounts shall be transferred from the resources of said account to the General Fund: (A) For the fiscal year ending June 30, 2022, two hundred sixty-two million seven hundred thousand dollars; and (B) for the fiscal year ending June 30, 2023, two hundred seventy-six million three hundred thousand dollars. (2) Moneys remaining in the municipal revenue sharing account for said fiscal years, including moneys accrued to the account during said fiscal years but received after the end of said fiscal years, after all payments are made under this section shall be expended for the municipal revenue sharing grants under section 4-66l of the general statutes. Payments for the municipal revenue sharing grants shall be made from the account not later than October first following the end of each said fiscal year.