A bonding authority that oversees Connecticut’s six state-owned airports, including the flagship Bradley International Airport in Windsor Locks, is up and running.
Gov. Dannel Malloy on June 30 signed legislation authorizing the Connecticut Airport Authority to collect revenue generated from the facilities, and have the power to issue new bonds and notes and refinance debt. The transfer of oversight from the state Department of Transportation took effect July 1.
The authority’s board will consist of 11 members: the state treasurer, the commissioner of transportation, the commissioner of economic and community development, four legislative appointees, and four gubernatorial appointees.
No members have been appointed yet, according to Malloy’s press secretary, Juliet Manalan.
Bradley airport, 12 miles north of the capital city of Hartford, has $169 million of outstanding debt tied to the airport, according to the state’s Treasury Department.