AN ACT CONCERNING THE MASHANTUCKET PEQUOT AND MOHEGAN FUND.

SB 388 establishes the "Mashantucket Pequot and Mohegan Fund" as a permanent state fund to manage payments received from Connecticut's Mashantucket Pequot Tribe and Mohegan Tribe. The bill requires transferring $152.38 million annually from Connecticut's General Fund to this new fund starting July 1, 2026, using revenue from tribal agreements. Funds will be distributed to Connecticut towns through the Office of Policy and Management following existing grant guidelines (Section 3-55j), with payments made in three installments each year. This directly affects Connecticut towns receiving these grants, which were previously managed under a different funding mechanism.