Bill Text: CT SB00621 | 2011 | General Assembly | Introduced
Bill Title: An Act Establishing A Revolving Loan Fund For Payment Of Property Taxes For Elderly Homeowners.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2011-05-05 - Referred by Senate to Committee on Appropriations [SB00621 Detail]
Download: Connecticut-2011-SB00621-Introduced.html
General Assembly |
Proposed Bill No. 621 |
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January Session, 2011 |
LCO No. 1213 | ||||
Referred to Committee on Aging |
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Introduced by: |
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SEN. KELLY, 21st Dist. |
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AN ACT ESTABLISHING A REVOLVING LOAN FUND FOR PAYMENT OF PROPERTY TAXES FOR ELDERLY HOMEOWNERS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to establish a revolving loan fund to provide loans at prevailing interest rates for the payment of property taxes to any resident of the state who: (1) Is seventy years of age or older; (2) has one hundred per cent equity in the real property subject to property taxes; (3) has resided in the municipality for at least ten years prior to applying for such loan; (4) has income and assets not in excess of certain amounts; and (5) has not paid property taxes for at least two years prior to applying for such loan. The state may secure any such loan by establishing a lien on the real property subject to property taxes.
Statement of Purpose:
To provide loans to seniors to allow them to remain in their homes.