Connecticut General Statutes 32-616b – Agreement for renovation and reconstruction of XL Center
(a) Notwithstanding any provision of the general statutes, the authority may enter into one or more agreements for a project to renovate and reconstruct the XL Center. Any such agreement shall be entered into not later than December 31, 2025, except amendments thereto may be entered into after said date. Any such agreement or amendment shall be subject to the approval of the Secretary of the Office of Policy and Management.
Terms Used In Connecticut General Statutes 32-616b
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Authority: means the Capital Region Development Authority created pursuant to section 32-601. See Connecticut General Statutes 32-600
(b) Any such agreement shall provide that the authority, the state, or a combination thereof, shall contribute not more than eighty million dollars and the contractor shall contribute not less than twenty million dollars toward the costs of any renovation or reconstruction of the XL Center occurring after January 1, 2023.