AN ACT CONCERNING THE COMMUNITY BANK AND COMMUNITY CREDIT UNION INVESTMENT PROGRAM ESTABLISHED BY THE STATE TREASURER.

SB 1255 creates a program allowing Connecticut's State Treasurer to invest state funds in community banks and credit unions that serve underserved areas. This directly affects community financial institutions meeting specific criteria, particularly those operating in low-income or rural communities. The key mechanism gives the Treasurer authority to establish and manage this investment program, directing state capital toward local institutions that provide essential financial services. The bill became law as Public Act 25-103 after being signed by the governor on June 24, 2025.