AN ACT CONCERNING THE MASHANTUCKET PEQUOT AND MOHEGAN FUND.

This bill establishes a permanent "Mashantucket Pequot and Mohegan Fund" to manage state payments received from the Mashantucket Pequot and Mohegan tribes under historic agreements. It requires annual transfers of specific funds from the state General Fund to this new fund, with distributions paid to eligible towns - including Ledyard and Montville (each receiving up to $600,000 annually after 2026 if the state revokes taxation on tribal land) - in three installments each year. The fund replaces previous mechanisms for distributing tribal-related payments, ensuring consistent disbursements to affected municipalities. The fiscal note indicates towns will face a revenue loss in fiscal year 2027 due to the shift in funding source, while the Office of Policy and Management will see corresponding savings.