AN ACT CREATING A MUNICIPAL RIGHT OF FIRST REFUSAL FOR CERTAIN HISTORIC PROPERTIES.

SB 240 would require municipalities to be offered the first opportunity to purchase certain historic properties within their boundaries if the property owner decides to sell. Specifically, it grants cities/towns a "right of first refusal" for properties defined as historic under Connecticut General Statute §7-147p. This means when a historic property is listed for sale, the municipality must be given a chance to buy it before it can be sold to another buyer. The bill directly affects municipal governments and owners of designated historic properties, changing how these properties transition between owners.