AN ACT PERMITTING PROXY DESIGNATION FOR MEMBERS OF THE COMMUNITY INVESTMENT FUND 2030 BOARD.

HB 5346 establishes the Community Investment Fund 2030 Board within Connecticut's Department of Economic and Community Development. The board, consisting of 15 members including legislative leaders, caucus representatives, finance committee chairs, and agency heads, will review projects for state funding and provide input on economic development initiatives. Key provisions require the board to meet quarterly, allow proxy voting for absent members, and operate under specific bylaws. This procedural bill creates a new oversight body to manage community investment funding, directly affecting state agencies and legislative bodies involved in economic development decisions.