Page 475

House Bill No. 5506

Public Act No. 22-118 475 of 739

finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due. (d) The Commissioner of Housing and the executive director of the Connecticut Housing Finance Authority shall seek a partnership with one or more hospitals located in the state to increase workforce housing options. Not later than January 1, 2023, the commissioner and executive director shall submit, in accordance with the provisions of section 11-4a of the general statutes, a report detailing the status of any such partnership and any recommendations on other methods to increase such housing options to the joint standing committee of the General Assembly having cognizance of matters relating to housing. Sec. 360. (Effective July 1, 2022) (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power from time to time to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate seventy-five million dollars. (b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Administrative Services for the purpose of providing grants-in-aid for school air quality improvements including, but not limited to, upgrades to, replacement of or installation of heating, ventilation and