AN ACT CONCERNING THE REPEAL OF THE BABY BONDS PROGRAM AND THE REDIRECTION OF FUNDS INTO THE EARLY CHILDHOOD CARE AND EDUCATION FUND.

HB 5512 repeals Connecticut's Baby Bonds program, which provided financial assistance to families with newborns, and redirects any remaining funds to the Early Childhood Care and Education Fund. The bill amends existing law to transfer leftover funds from the Baby Bonds Trust into this new fund, ending the program as a standalone initiative. These redirected funds will support the development of state early childhood care and education programs. The change affects the program's current participants by terminating its benefits and shifts resources toward broader early childhood services.