PART III
BONDS
(A)
ISSUE OF 1959
Sec. 13a-176. Bonds to finance highway and bridge authority obligations and
transportation costs. (a) The State Bond Commission shall have power, in accordance
with the provisions of sections 13a-176 to 13a-183, inclusive, to authorize, in one or
more series and in principal amounts not in the aggregate exceeding the respective
amounts hereinbelow stated, the issuance of bonds of the state for any of the following
purposes: (1) Not more than three hundred ninety-three million one hundred eighty-five thousand dollars for financing all or any part of the cost of planning, designing,
laying out, constructing, reconstructing or improving any highways or other facilities,
hereinafter sometimes referred to as "highway projects" or, individually, as a "highway
project", on the National System of Interstate and Defense Highways as designated on
or after May 8, 1959, pursuant to federal law, including but not limited to costs and
expenses of right-of-way or other property acquisitions therefor, expenses of the Department of Transportation in connection therewith for engineering, architectural and legal
work or services, and all administrative and other expenses properly attributable thereto,
whether or not the United States or agencies thereof are to contribute to such cost by
participating in payment or reimbursement thereof or otherwise and for any of the projects or purposes of sections 1 to 6, inclusive, of public act 95-286*; (2) not more than
forty-eight million dollars for financing all or any part of the cost of planning, designing,
laying out, constructing, reconstructing or improving any highways or other facilities,
hereinafter sometimes referred to as "highway projects" or, individually, as a "highway
project", on the federal-aid primary system or federal-aid secondary system as designated on or after May 8, 1959, pursuant to federal law, including but not limited to costs
and expenses of right-of-way or other property acquisitions therefor, expenses of the
Department of Transportation in connection therewith for engineering, architectural and
legal work or services, and all administrative and other expenses properly attributable
thereto, whether or not the United States or agencies thereof are to contribute to such
cost by participating in payment or reimbursement thereof or otherwise and for any of
the projects or purposes of sections 1 to 6, inclusive, of public act 95-286*, and (3) not
more than thirty-eight million dollars for financing, refinancing or paying expenditures
made before or after May 8, 1959, in connection with bridges or other properties operated
by the Greater Hartford Bridge Authority pursuant to part IV of chapter 235 of the 1958
revision of the general statutes, which expenditures may include any payments made
before or after said date by said authority and payments on account of acquisition or
payment of, or other provision regarding, any indebtedness of said authority including
any bonds or notes issued by it before or after May 8, 1959, and payments on account
of any sums becoming due from the state pursuant to any contract, agreement or other
arrangement with said authority or holders of any of said bonds or notes or representatives thereof.
(b) It is the intention of the legislature that, insofar as practicable and consistent
with federal law and regulations, the proceeds of the additional amount of one hundred
thirty-three million one hundred eighty-five thousand dollars which may now be authorized pursuant to this section for said National System of Interstate and Defense Highways
be spent, to the extent necessary for such purpose, to finance costs referred to above
with respect to highway projects located on the following portions of said interstate
system: (1) Repealed by P.A. 78-107, S. 2; (2) Connecticut Interstate Route 84, from
west of Simmons Road in East Hartford to north of Middle Turnpike in Manchester to
Connecticut Routes 83 and 30 in Vernon; (3) Connecticut Interstate Route 84, from
Route 6A in Newtown to north of River Road in Southbury; (4) and (5) Repealed by
P.A. 78-107, S. 2; (6) Connecticut Interstate Route 84 and interchanges, Danbury; and
(7) Connecticut Interstate Route 84 between Manchester and Connecticut Route 52 in
Plainfield.
(1959, P.A. 132, S. 1; 1963, P.A. 226, S. 176; February, 1965, P.A. 325, S. 1; 1969, P.A. 768, S. 120; P.A. 77-357, S.
1, 2; P.A. 78-107, S. 2; 78-331, S. 9, 58; P.A. 81-370, S. 5, 13; P.A. 82-369, S. 3, 28; June Sp. Sess. P.A. 83-33, S. 7, 17;
P.A. 95-286, S. 18, 26.)
*Note: Sections 1 to 6, inclusive, of public act 95-286 are special in nature and therefore have not been codified but
remain in full force and effect according to their terms.
History: 1963 act replaced previous provisions: See title history; 1965 act raised bond amount in Subdiv. (1) of Subsec.
(a) from two hundred sixty million dollars and added Subsec. (b); 1969 act replaced highway department with department
of transportation; P.A. 77-357 increased bond authorization in Subsec. (b) from five million to ten million one hundred
eighty-five thousand dollars and included expenditures for I-84 and interchanges at Danbury; P.A. 78-107 repealed Subdivs.
(1), (4) and (5) in Subsec. (b); P.A. 78-331 increased bond authorization in Subdiv. (1) of Subsec. (a) from three hundred
sixty-five million to three hundred seventy million one hundred eighty-five thousand dollars; P.A. 81-370 increased the
aggregate of bonds the bond commission may authorize for purposes of projects under Secs. 13a-176 to 13a-183, inclusive,
to three hundred seventy-four million one hundred eighty-five thousand dollars; P.A. 82-369 amended Subsec. (a) to
increase the aggregate amount authorized under Subdiv. (1) from $374,185,000 to $378,185,000 and amended Subsec.
(b) to change reference to additional amount from $114,185,000 to $118,185,000; June Sp. Sess. P.A. 83-33 amended
Subsec. (a) to increase the aggregate amount authorized under Subdiv. (1) to three hundred ninety three million one hundred
eighty-five thousand dollars and amended Subsec. (b) to change reference to additional amount to one hundred thirty-three
million one hundred eighty-five thousand dollars and to add Subdiv. (7); P.A. 95-286 amended Subsec. (a) to add projects
or purposes under Secs. 1 to 6 of P.A. 95-286, effective July 1, 1995.
See Sec. 13a-191 re deposit of earnings on investment of proceeds from securities in General Fund.
Sec. 13a-177. Bonds to be general obligations. Said bonds issued pursuant to
sections 13a-176 to 13a-183, inclusive, shall be general obligations of the state and the
full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part
of the contract of the state with the holders of said bonds, appropriation of all amounts
necessary for punctual payment of such principal and interest is hereby made, and the
Treasurer shall pay such principal and interest as the same become due.
(1959, P.A. 132, S. 2; 1963, P.A. 226, S. 177.)
History: 1963 act replaced previous provisions: See title history.
Sec. 13a-178. Request for authorization. Determination of Bond Commission.
None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization, which is signed
by or on behalf of the Commissioner of Transportation and states such terms and conditions as said commission, in its discretion, may require. Each series of said bonds shall
be authorized by a written determination which is signed by a majority of the members
of the State Bond Commission and filed in the office of the Secretary of the State and
sets forth the principal amount of the bonds of such series and a description of the
purpose for which such bonds are authorized. Such description may specify a particular
highway project or particular highway projects but shall be sufficient if made merely
by a reference to one of the numbered subdivisions of subsection (a) of section 13a-176.
(1959, P.A. 132, S. 3; 1963, P.A. 226, S. 178; 1969, P.A. 768, S. 121.)
History: 1963 act replaced previous provisions: See title history; 1969 act replaced highway commissioner with commissioner of transportation.
Sec. 13a-179. Place of payment of bonds. Maturity. Interest. All of said bonds
shall be payable at such place or places as may be determined by the Treasurer pursuant
to section 3-19 and shall bear such date or dates, mature at such time or times not
exceeding thirty years from their respective dates, bear interest at such rate or different
or varying rates and payable at such time or times, be in such denominations, be in such
form with or without interest coupons attached, carry such registration and transfer
privileges, be payable in such medium of payment, and be subject to such terms of
redemption with or without premium as, notwithstanding the provisions of section 3-20, may be provided in the determination authorizing the same or as may be fixed in
accordance therewith.
(1959, P.A. 132, S. 4; 1963, P.A. 226, S. 179.)
History: 1963 act replaced previous provisions: See title history.
Sec. 13a-180. Issuance of bonds. Any of said bonds authorized pursuant to sections 13a-176 to 13a-183, inclusive, for the purpose described in subdivision (3) of
subsection (a) of section 13a-176 shall be issued by the Treasurer and be delivered at
such times, in such amounts, for such consideration and on such terms and conditions
as, notwithstanding the provisions of section 3-20, may be provided in the determination
authorizing the same or as may be fixed in accordance therewith.
(1959, P.A. 132, S. 5; 1963, P.A. 226, S. 180.)
History: 1963 act replaced previous provisions: See title history.
Sec. 13a-181. Sale of bonds. Use of proceeds. Except as otherwise expressly provided in sections 13a-176 to 13a-183, inclusive, all of said bonds shall be issued in
accordance with section 3-20 and be sold at a price not less than the principal amount
thereof plus accrued interest, and the proceeds of any sale of said bonds shall be deposited
in a special fund and used and applied as is provided in said section 3-20. Pending the
use or application of any such proceeds as hereinabove directed, such proceeds may be
invested by the Treasurer in bonds or obligations of, or guaranteed by, the state or the
United States or agencies or instrumentalities of the United States. Net earnings on
investments of proceeds, accrued interest and premiums on the issuance of said bonds
shall, after payment of expenses incurred by the Treasurer or State Bond Commission
in connection with their issuance, if any, be deposited to the credit of the General Fund.
All provisions of said section 3-20, not inconsistent with the provisions of sections 13a-176 to 13a-183, inclusive, or the exercise of any right or power granted by said sections,
shall apply to all bonds authorized pursuant to said sections.
(1959, P.A. 132, S. 6, 7; 1963, P.A. 226, S. 181; P.A. 73-675, S. 27, 44; P.A. 75-568, S. 21, 45.)
History: 1963 act replaced previous provisions: See title history; P.A. 73-675 replaced highway fund with transportation
fund; P.A. 75-568 required deposit of proceeds of bond sales in special fund rather than transportation fund and required
deposits of net earnings on investment of proceeds in general fund rather than transportation fund.
Sec. 13a-182. Authorization of bonds deemed appropriation of principal. By
the filing, as provided in section 13a-178, of a determination authorizing a series of
bonds for a purpose described in said determination in accordance with said section
13a-178, the principal amount of said bonds shall be deemed to have been appropriated
for said purpose, and the Commissioner of Transportation may proceed in the name and
on behalf of the state, on an authorization or appropriation basis, subject to approval by
the Governor of allotment thereof, to award contracts and incur obligations with respect
to such purpose in amounts not in the aggregate exceeding the principal amount of such
bonds, notwithstanding that such contracts and obligations may at any particular date
exceed the amount of the proceeds of such bonds theretofore received by the state.
(1959, P.A. 132, S. 8; 1963, P.A. 226, S. 182; 1969, P.A. 768, S. 122.)
History: 1963 act replaced previous provisions: See title history; 1969 act replaced highway commissioner with commissioner of transportation.
Sec. 13a-183. Certificate of use of proceeds. For the purposes of this section,
"state moneys" means the proceeds of the sale of bonds authorized pursuant to sections
13a-176 to 13a-183, inclusive, or of temporary notes issued in anticipation of the money
to be derived from the sale of such bonds. With each request filed as provided in section
13a-178 for an authorization of bonds pursuant to sections 13a-176 to 13a-183, inclusive,
for any purpose described in subdivision (1) or subdivision (2) of subsection (a) of
section 13a-176, the Commissioner of Transportation shall also file a certificate briefly
identifying the highway projects for costs of which the proceeds of the sale of such
bonds are to be used and expended and stating the amount of such proceeds to be so
used and expended for costs of each such project, together with a statement whether,
in the opinion of the commissioner, all or any part of federal moneys then available or
thereafter to be made available for costs in connection with any such project should be
added to the state moneys available or becoming available hereunder for such project.
If the certificate so filed with respect to any such project includes a statement that some
amount of such federal moneys should be added to such state moneys, then, if and to
the extent directed by the State Bond Commission at the time of authorization of such
bonds, said amount of such federal moneys then available or thereafter to be made
available for costs in connection with such project may be added to any state moneys
available or becoming available hereunder for such project and be used for such project,
and any other federal moneys then available or thereafter to be made available for costs
in connection with such project upon receipt shall, in conformity with applicable federal
law, be used by the Treasurer to meet the principal and interest of outstanding bonds
issued pursuant to sections 13a-176 to 13a-183, inclusive, or to meet the principal of
temporary notes issued in anticipation of the money to be derived from the sale of bonds
theretofore authorized pursuant to said sections for the purpose of financing such costs,
either by purchase or redemption and cancellation of such bonds or notes or by payment
thereof at maturity. Whenever any of the federal moneys so received with respect to
such highway projects are used to meet principal of such temporary notes or whenever
principal of any of such temporary notes is retired by application of revenue receipts of
the state, the amount of bonds theretofore authorized in anticipation of which such
temporary notes were issued, and the aggregate amount of bonds which may be authorized pursuant to section 13a-176, for the purpose stated in said section 13a-176 which
included said highway project, shall each be reduced by the amount of the principal
so met or retired. Pending use of the federal moneys so received to meet principal as
hereinabove directed, the amount thereof may be invested by the Treasurer in bonds or
obligations of, or guaranteed by, the state or the United States or agencies or instrumentalities of the United States, and shall be deemed to be part of the debt retirement funds
of the state, and net earnings on such investments shall be used in the same manner as
the said moneys so invested.
(1959, P.A. 132, S. 9; 1963, P.A. 226, S. 183; 1969, P.A. 768, S. 123; P.A. 75-390, S. 1, 2.)
History: 1963 act replaced previous provisions: See title history; 1969 act replaced highway commissioner with commissioner of transportation; P.A. 75-390 allowed use of federal moneys to meet interest of outstanding bonds in addition to
meeting principal.
(B)
ISSUE OF 1961
Sec. 13a-184. Notes. Bonds. (a) The State Bond Commission shall have power,
in accordance with the provisions of sections 13a-184 to 13a-197, inclusive, from time
to time, to authorize the issuance of temporary notes as hereinafter provided, and from
time to time to authorize the issuance of bonds or certificates of indebtedness of the
state, hereinafter referred to as securities, in one or more series and in principal amounts
not in the aggregate exceeding one hundred thirty-two million one hundred thousand
dollars. From the revenues anticipated to be available to the Commissioner of Transportation in the Highway Fund for the biennium ending June 30, 1963, appropriation of
the sum of twenty-five million dollars for said biennium is hereby made, and from the
revenues anticipated to be available to the commissioner in the Highway Fund for the
biennium ending June 30, 1967, appropriation of the sum of twenty-five million five
hundred thousand dollars for said biennium is hereby made, and said aggregate sum of
fifty million five hundred thousand dollars is appropriated for highway construction
and other purposes as provided in said sections and in subsections (d) and (e) of section
13b-26.
(b) The State Bond Commission shall have power, in accordance with the provisions
of sections 13a-184 to 13a-197, inclusive, from time to time, to authorize the issuance
of temporary notes as hereinafter provided, and from time to time, to authorize the
issuance of bonds or certificates of indebtedness of the state, hereinafter referred to as
securities, in one or more series and in principal amounts not in the aggregate exceeding
four hundred fifty-nine million four hundred thousand dollars.
(1961, P.A. 605, S. 1; 1963, P.A. 226, S. 184; February, 1965, P.A. 325, S. 2; 1969, P.A. 755, S. 1; 768, S. 124; P.A.
85-613, S. 109, 154.)
History: 1963 act restated previous provisions: See title history; 1965 act increased bond amount in Subsec. (a) from
one hundred twenty-five million dollars, made 1967 biennium appropriation and added Subsec. (b); 1969 acts increased
bond authorization in Subsec. (b) from three hundred thirty-six million nine hundred thousand dollars to four hundred
fifty-nine million four hundred thousand dollars and amended Subsec. (a) to replace highway commissioner with commissioner of transportation, to delete reference to highway department appropriations and to replace reference to repealed
Sec. 13a-3 with "subsections (d) and (e) of section 13b-26"; P.A. 85-613 made technical changes, substituting references
to Sec. 13a-197 for references to Sec. 13a-198.
Sec. 13a-185. Projects included. (a) The proceeds of the sale of said securities
referred to in subsection (a) of section 13a-184, the funds available by virtue of the
appropriations made in said subsection (a), any federal moneys added in accordance
with section 13a-190 and any other moneys added in accordance with subdivision (53)
of section 13a-198b, shall be used to pay or provide for the cost of planning, designing,
laying out, constructing, reconstructing, relocating or improving the several highway
facilities, enumerated in subsections (a) and (b) of this section and in sections 13a-198b
and 13a-198l, each of which is or is made hereby a part of the state highway system and
is hereinafter sometimes referred to as a "project", including in each case but not limited
to costs and expenses of right-of-way or other property acquisitions therefor or desirable
in connection therewith, expenses in connection therewith for engineering, fiscal, architectural and legal work or services, and all administrative and other expenses properly
attributable thereto and for any of the projects or purposes of sections 1 to 6, inclusive,
of public act 95-286*.
(1)-(8) Repealed by P.A. 78-107, S. 2.
(9) Connecticut Route 72, from 1961 Route 72 construction east of New Britain
Road in Berlin to Interstate Route 84 in the vicinity of the New Britain-Plainville town
line including a connector to Interstate Route 291 in Newington.
(10) Connecticut Route 72 in Plainville, from the vicinity of Connecticut Route 177
to the vicinity of Interstate Route 84.
(11) Connecticut Route 190, bridge across the Connecticut River in Suffield and
Enfield, together with approaches.
(12)-(24) Repealed by P.A. 78-107, S. 2.
(b) The proceeds of the sale of said securities referred to in subsection (b) of section
13a-184, any federal moneys added in accordance with section 13a-190 and any other
moneys added in accordance with subdivision (53) of section 13a-198b shall be used
to pay or provide for the cost of planning, designing, laying out, constructing, reconstructing, relocating or improving the several highway facilities, enumerated in subsections (a) and (b) of this section, section 13a-198b, and section 13a-198l, each of which
is or is made hereby a part of the state highway system and is hereinafter sometimes
referred to as a "project", including in each case but not limited to costs and expenses of
right-of-way or other property acquisitions therefor or desirable in connection therewith,
expenses in connection therewith for engineering, fiscal, architectural and legal work
or services, and all administrative and other expenses properly attributable thereto and
for any of the projects or purposes of sections 1 to 6, inclusive, of public act 95-286*.
(1)-(4) Repealed by P.A. 78-107, S. 2.
(5) Connecticut Route 66, from the vicinity of U.S. Route 5 in Meriden to the vicinity
of the Meriden-Southington town line and a full interchange at the intersection of Connecticut Route 66 and Route 71 in Meriden.
(6) U.S. Route 7, from the vicinity of Belden Avenue in Norwalk to north of Silvermine Road in Brookfield including the relocation of Plattsville Avenue from New
Canaan Avenue in Norwalk northerly 0.3 mile, the U.S. Route 7 northbound off-ramp
from the New Canaan Avenue overpass to Plattsville Avenue 0.1 mile, and the state's
share not exceeding two hundred thousand dollars for the acquisition of land and for
the engineering and architectural fees for a linear park.
(7) Connecticut Route 8, from the vicinity north of the Bridgeport-Trumbull town
line in Trumbull to the vicinity of Bridgeport Avenue in Shelton.
(8) and (9) Repealed by P.A. 78-107, S. 2.
(10) Connecticut Route 25 in Trumbull, from the vicinity of the junction of Connecticut Routes 8 and 25 to Connecticut Route 111.
(11) Connecticut Route 34 in New Haven, from the vicinity of Boulevard to the
vicinity east of York Street.
(12) Connecticut Route 72, central section in New Britain.
(13) Connecticut Route 11, from the vicinity of relocated Connecticut Route 2 in
Colchester to the vicinity of Interstate Route 95 in Waterford; except from 0.6 of a
mile south of Connecticut Route 82 in Salem to approximately 1.6 miles south of the
Montville-Waterford town line.
(14) and (15) Repealed by P.A. 78-107, S. 2.
(1961, P.A. 605, S. 2; 1963, P.A. 226, S. 185; February, 1965, P.A. 325, S. 3; 1969, P.A. 755, S. 2; June, 1971, P.A.
4, S. 47; P.A. 73-157, S. 1, 11; P.A. 75-564, S. 1, 7; P.A. 76-332, S. 1, 5; P.A. 77-351, S. 1, 7; P.A. 78-107, S. 2; P.A. 82-369, S. 24, 28; P.A. 95-286, S. 19, 20, 26.)
*Note: Sections 1 to 6, inclusive, of public act 95-286 are special in nature and therefore have not been codified but
remain in full force and effect according to their terms.
History: 1963 act restated previous provisions: See title history; 1965 act added provisions accommodating new material
in Sec. 13a-184 and references to federal moneys, and increased in Subsec. (a) the amount in Subdiv. (1) from sixteen
million five hundred thousand dollars, in Subdiv. (3) from thirty-eight million dollars, in Subdiv. (4) from twenty-one
million seven hundred thousand dollars, in Subdiv. (5) from six million five hundred thousand dollars, in Subdiv. (6) from
five million four hundred thousand dollars, in Subdiv. (7) from three million five hundred seventy thousand dollars, in
Subdiv. (8) from eight million dollars, in Subdiv. (9) from twenty-one million eight hundred thousand dollars, in Subdiv.
(10) from seven million dollars, in Subdiv. (11) from six million five hundred thousand dollars, in Subdiv. (12) from one
million dollars, and in Subdiv. (24) from three hundred thousand dollars, and added Subsec. (b); 1969 act included use of
any other moneys added in accordance with Sec. 13a-191(a) or 13a-198b(53), in Subsecs. (a) and (b) and amended Subsec.
(b) to add exception re instances where limits may be exceeded and to revise limits in: Subdiv. (2) from ten million two
hundred thousand dollars to eleven million two hundred thousand dollars, Subdiv. (4) from twenty-five million to ten
million dollars, Subdiv. (6) from eighty-three million five hundred thousand to one hundred twenty-three million five
hundred thousand dollars, Subdiv. (7) from twenty-three to forty million dollars, Subdiv. (8) from twenty-five to thirty-one million dollars, Subdiv. (9) from three million five hundred thousand dollars to five million dollars, Subdiv. (10) from
twenty to thirty-six million dollars, Subdiv. (12) from twenty-six to seventy-six million dollars and Subdiv. (13) from
thirty-five to forty-one million dollars and to delete reference to Rte. 7 between Brookfield and New Milford in Subdiv.
(6) and to delete reference to continuation of Rte. 25 through Monroe and Newtown to connect with Rte. 84 in Subdiv.
(10); 1971 act amended Subsec. (b)(6) re limit of state's share for land acquisition and engineering and architectural fees
for linear park; P.A. 73-157 deleted references to Sec. 13a-191 and to limits in the various Subdivs., deleted exceptions
for instances when limits may be exceeded and added reference to Sec. 13a-198l in both Subsecs. (a) and (b) and amended
Subsec. (b) to replace Rte. 6A with Rte. 66 in Subdiv. (5), to replace Rte. 85 with Rte. 11 in Subdiv. (13) and to clarify
Subdivs. (6) and (11); P.A. 75-564 amended Subsec. (b) to delete provision re engineering and acquisition of rights-of-way in Subdiv. (11) and to limit expenditures in Subdiv. (14) to expenses incurred before July 1, 1975; P.A. 76-332 amended
Subsec. (b)(6) re engineering and acquisition of rights-of-way; P.A. 77-351 amended Subsec. (b)(5) to include interchange
at intersection of Rtes. 66 and 71 in Meriden and amended Subsec. (b)(13) to except portion of route; P.A. 78-107 repealed
Subdivs. (1) to (8) and (12) to (24) in Subsec. (a) and Subdivs. (1) to (4), (8), (9), (14) and (15) in Subsec. (b); P.A. 82-369 amended Subdiv. (6) of Subsec. (b) to authorize completion of remaining work concerning U.S. Route 7, from Belden
Avenue in Norwalk to Silvermine Road in Brookfield including relocation of Plattsville Avenue and the U.S. Route 7
northbound off-ramp; P.A. 95-286 amended section to add projects or purposes under Secs. 1 to 6 of P.A. 95-286, effective
July 1, 1995.
Sec. 13a-186. Authorization for issuance. None of said securities shall be authorized except upon a finding by the State Bond Commission that there has been filed with
it a request for such authorization, which is signed by or on behalf of the Commissioner of
Transportation and states such terms and conditions as said commission, in its discretion,
may require. Each series of said securities shall be authorized by a written determination
which is signed by a majority of the members of the State Bond Commission and filed
in the office of the Secretary of the State and sets forth the principal amount of the
securities of such series and a description of the purpose or several purposes for which
such securities are authorized. Such description may specify a part or parts of a particular
project or particular projects enumerated in section 13a-185 but shall be sufficient if
made merely by a reference to any of the numbered subdivisions of either subsection
of said section 13a-185.
(1961, P.A. 605, S. 5; 1963, P.A. 226, S. 186; 1969, P.A. 768, S. 125.)
History: 1963 act replaced previous provisions: See title history; 1969 act replaced highway commissioner with commissioner of transportation.
Sec. 13a-187. Terms of bonds. Sale. (a) All of said securities of any such series
shall be payable at such place or places as may be determined by the Treasurer pursuant
to section 3-19 and shall bear such date or dates, mature at such time or times not
exceeding twenty years from their respective dates, bear interest at such rate or different
or varying rates and payable at such time or times, be in such denominations, be in such
form with or without interest coupons attached, carry such registration, conversion and
transfer privileges, be payable in such medium of payment and be subject to such terms
of redemption with or without premium as, irrespective of the provisions of section 3-20, may be provided in the determination authorizing the same or fixed in accordance
therewith.
(b) Except as otherwise expressly provided in sections 13a-184 to 13a-197, inclusive, all of said securities shall be issued in accordance with said section 3-20 and be
sold at a price not less than the principal amount thereof plus accrued interest, and, except
as otherwise directed by or pursuant to said sections 13a-184 to 13a-197, inclusive, the
proceeds of any sale of said securities shall be deposited in a special fund and used and
applied as provided in said section 3-20. Pending the use or application of any such
proceeds as hereinabove directed, such proceeds may be invested by the Treasurer in
bonds or obligations of, or guaranteed by, the state or the United States or agencies or
instrumentalities of the United States.
(1961, P.A. 605, S. 6, 7; 1963, P.A. 226, S. 187; February, 1965, P.A. 325, S. 4; P.A. 73-675, S. 28, 44; P.A. 75-568,
S. 22, 45; P.A. 85-613, S. 110, 154.)
History: 1963 act restated previous provisions: See title history; 1965 act changed maturity date reference in Subsec.
(a) from "July 1, 1971" to "twenty years from their respective dates"; P.A. 73-675 replaced highway fund with transportation
fund; P.A. 75-568 replaced transportation fund with special fund; P.A. 85-613 made technical changes, substituting references to Sec. 13a-197 for references to Sec. 13a-198.
Sec. 13a-188. Securities subject to general provisions re bond issues. Issuance
of temporary notes. All provisions of section 3-20 which are not inconsistent with the
provisions of sections 13a-184 to 13a-197, inclusive, or the exercise of any right or power
granted thereby shall apply to all securities authorized by the State Bond Commission
pursuant to said sections, and temporary notes in anticipation of the money to be derived
from the sale of any such securities so authorized may be issued in accordance with said
section and from time to time renewed.
(1961, P.A. 605, S. 8; 1963, P.A. 226, S. 188; February, 1965, P.A. 325, S. 5; P.A. 85-613, S. 111, 154.)
History: 1963 act replaced previous provisions: See title history; 1965 act deleted provisions re maturity dates of various
issues and reduction of authorized amounts of bonds by amounts appropriated to pay notes; P.A. 85-613 made technical
change, substituting reference to Sec. 13a-197 for reference to Sec. 13a-198.
Sec. 13a-189. Filing of determination as appropriation. By the filing as provided in section 13a-186 of a determination authorizing a series of securities for projects
or purposes described in said determination in accordance with said section 13a-186,
the principal amount of said securities shall be deemed to have been appropriated for
said projects or purposes, and the Commissioner of Transportation may proceed in the
name and on behalf of the state, on an authorization or appropriation basis, subject to
approval by the Governor of allotment thereof, to award contracts and incur obligations
with respect to any such project or purpose in amounts not in the aggregate exceeding
the authorized principal amount of said securities, notwithstanding that such contracts
and obligations may at any particular date exceed the amount of the proceeds of such
securities theretofore received by the state.
(1961, P.A. 605, S. 9; 1963, P.A. 226, S. 189; 1969, P.A. 768, S. 126.)
History: 1963 act replaced previous provisions: See title history; 1969 act replaced highway commissioner with commissioner of transportation.
Sec. 13a-190. Certificate identifying projects and available federal funds to
accompany authorization request. Use of federal funds. For the purposes of sections
13a-184 to 13a-197, inclusive, "state moneys" means proceeds of the sale of securities
authorized pursuant to said sections or of temporary notes issued in anticipation of the
money to be derived from the sale of such securities and moneys made available by
allotments of the sum appropriated in section 13a-184. With each request filed as provided in section 13a-186 for an authorization of securities pursuant to said sections 13a-184 to 13a-197, inclusive, for any purpose described in section 13a-185, there shall also
be filed a certificate signed in the same manner as such request briefly identifying the
projects for costs of which proceeds of the sale of such securities are to be used and
expended and stating the amount of such proceeds to be so used and expended for the
costs of each such project, together with a statement whether, in the opinion of the signer,
all or any part of federal moneys then available or thereafter to be made available for
costs in connection with any such project should be added to the state moneys available
or becoming available hereunder for such project. If the certificate so filed with respect
to any such project includes a statement that some amount of such federal moneys should
be added to such state moneys, then, if and to the extent directed by the State Bond
Commission at the time of authorization of such securities, said amount of such federal
moneys then available or thereafter to be made available for costs in connection with
such project may be added to any state moneys available or becoming available hereunder for such project and be used for such project as if constituting such state moneys,
and any other federal moneys then available or thereafter to be made available in connection with such project, if and to the extent from time to time directed by the State Bond
Commission, upon receipt shall, in conformity with applicable federal law, be used by
the Treasurer to meet principal of outstanding securities issued pursuant to sections
13a-184 to 13a-197, inclusive, or to meet the principal of temporary notes issued in
anticipation of the money to be derived from the sale of securities theretofore authorized
pursuant to said sections for the purpose of financing such costs, either by purchase or
redemption and cancellation of such securities or notes or by payment thereof at maturity. Whenever any of the federal moneys so received with respect to such project are
used to meet principal of such temporary notes or whenever principal of any of such
temporary notes is retired by application of revenue receipts of the state, the amount of
securities theretofore authorized in anticipation of which such temporary notes were
issued, and the aggregate amount of securities which may be authorized pursuant to
said sections with respect to said project, shall each be reduced by the amount of the
principal so met or retired. Pending use of the federal moneys so received to meet principal, the amount thereof may be invested by the Treasurer in bonds or obligations of, or
guaranteed by, the state or the United States or agencies or instrumentalities of the United
States, and shall be deemed to be part of the debt retirement funds of the state, and net
earnings on such investments shall be used in the same manner as the said moneys so
invested.
(1961, P.A. 605, S. 10; 1963, P.A. 226, S. 190; P.A. 85-613, S. 112, 154.)
History: 1963 act replaced previous provisions: See title history; P.A. 85-613 made technical changes, substituting
references to Sec. 13a-197 for references to Sec. 13a-198.
Sec. 13a-191. Application of earnings on investment of proceeds from securities. Net earnings on investments of proceeds, accrued interest and premiums on the
issuance of such securities after payment therefrom of expenses incurred by the Treasurer or State Bond Commission in connection with their issuance shall be paid into the
General Fund.
(1961, P.A. 605, S. 11, 12; 1963, P.A. 226, S. 191; 1969, P.A. 755, S. 3; P.A. 73-157, S. 2, 11; P.A. 74-342, S. 22, 43;
P.A. 75-568, S. 23, 45.)
History: 1963 act replaced previous provisions: See title history; 1969 act revised language for clarity; P.A. 73-157
deleted Subsec. (a) re use of excess funds authorized for projects and deleted reference to Subsec. (a) in remaining provisions;
P.A. 74-342 replaced highway debt service fund with transportation fund; P.A. 75-568 replaced transportation fund with
general fund.
Sec. 13a-192. Securities issued pursuant to section 13a-184 to be general obligations of the state. All of the securities referred to in section 13a-184 shall be general
obligations of the state and the full faith and credit of the state of Connecticut are pledged
for the payment of the principal of and interest on said securities as the same become
due and accordingly, and as part of the contract of the state with the holders of said
securities, appropriation of all amounts necessary for punctual payment of such principal
and interest is hereby made, and the Treasurer shall pay such principal and interest as
the same become due.
(1961, P.A. 605, S. 13, 14, 15; 1963, P.A. 226, S. 192; P.A. 74-342, S. 23, 43.)
History: 1963 act replaced previous provisions: See title history; P.A. 74-342 deleted Subsecs. (a) and (c) and substituted
"securities" for "bonds" in remaining provisions.
Secs. 13a-193 to 13a-196. Highway Debt Service Fund. State Bond Commission may vary use of bond proceeds. Treasurer may determine method of revenue
bond sale; negotiable instruments. Pledges to bondholders; binding nature of
pledges. Sections 13a-193 to 13a-196, inclusive, are repealed.
(1961, P.A. 605, S. 16-20, 23; 1963, P.A. 226, S. 193-196; P.A. 73-675, S. 29, 44; P.A. 74-342, S. 42, 43.)
Sec. 13a-197. Securities issued pursuant to section 13a-184 considered as legal
investments, exempt from state taxes. The securities referred to in section 13a-184
are made and declared to be (1) legal investments for savings banks and trustees unless
otherwise provided in the instrument creating the trust, (2) securities in which all public
officers and bodies, all insurance companies and associations and persons carrying on
an insurance business, all banks, bankers, trust companies, savings banks and savings
associations, including savings and loan associations, investment companies and persons carrying on a banking or investment business, all administrators, guardians, executors, trustees and other fiduciaries and all persons whatsoever who are or may be authorized to invest in bonds of the state, may properly and legally invest funds including
capital in their control or belonging to them, and (3) securities which may be deposited
with and shall be received by all public officers and bodies for any purpose for which
the deposit of bonds of the state is or may be authorized; and all such securities, their
transfer and the income therefrom including any profit on the sale or transfer thereof,
shall at all times be exempt from all taxation by the state or under its authority.
(1961, P.A. 605, S. 21, 22; 1963, P.A. 226, S. 197; P.A. 74-342, S. 24, 43; P.A. 80-483, S. 59, 186.)
History: 1963 act replaced previous provisions: See title history; P.A. 74-342 removed Subsec. indicators and substituted
"securities" for "general bonds and revenue bonds"; P.A. 80-483 deleted reference to building and loan associations.
Sec. 13a-198. Right to repeal certain statutes reserved. Section 13a-198 is repealed.
(1961, P.A. 605, S. 25; 1963, P.A. 226, S. 198; P.A. 74-342, S. 42, 43.)
(B) (1)
ISSUE OF 1969
Sec. 13a-198a. Bonds. The State Bond Commission shall have power in accordance with the provisions of sections 13a-198a to 13a-198j, inclusive, from time to time,
to authorize the issuance of bonds of the state in one or more series and in principal
amounts not in the aggregate exceeding one hundred forty-two million fifty thousand
dollars.
(1969, P.A. 755, S. 7; P.A. 77-351, S. 5, 7; P.A. 78-336, S. 5, 6; P.A. 81-370, S. 4, 13; P.A. 82-369, S. 4, 28; June Sp.
Sess. P.A. 83-33, S. 8, 17.)
History: P.A. 77-351 increased maximum amount authorized from ninety-four million seven hundred thousand dollars
to one hundred fourteen million seven hundred thousand dollars; P.A. 78-336 increased bond limit to one hundred twenty-five million seven hundred thousand dollars; P.A. 81-370 increased the aggregate of bonds the bond commission may
authorize to one hundred twenty-eight million seven hundred thousand dollars; P.A. 82-369 increased the aggregate amount
authorized from $128,750,000 to $133,050,000; June Sp. Sess. P.A. 83-33 increased the aggregate amount authorized to
one hundred forty-two million fifty thousand dollars.
Cited. 163 C. 43.
Sec. 13a-198b. Use of proceeds for certain projects. The proceeds of the sale of
said bonds and any moneys added in accordance with subdivision (53) of this section
and section 13a-198h, shall be used to pay or provide for the cost of planning, designing,
laying out, constructing, reconstructing, relocating, improving, or signing the several
highway facilities, enumerated in this section, in subsections (a) and (b) of section 13a-185 and section 13a-198l, each of which is or is made hereby a part of the state highway
system that is hereinafter sometimes referred to as a "project" including in each case
but not limited to costs and expenses of right-of-way or other property acquisitions
therefor or desirable in connection therewith, expenses in connection therewith for engineering, fiscal, architectural and legal work or services, and all administrative and other
expenses properly attributable thereto and for any of the projects or purposes of sections
1 to 6, inclusive, of public act 95-286*:
(1) and (2) Repealed by P.A. 78-107, S. 2.
(3) Connecticut Route 2 from the vicinity of Main Street in East Hartford to the
vicinity of Hebron Avenue in Glastonbury for engineering and acquisition of rights-of-way.
(4)-(7) Repealed by P.A. 78-107, S. 2.
(8) United States Route 7 from the vicinity of Silvermine Road in Brookfield to the
vicinity of relocated Connecticut Route 25 in New Milford and including a section of
Connecticut Route 25 in New Milford from relocated United States Route 7 to the
vicinity of Connecticut Route 109 for engineering and acquisition of rights-of-way.
(9) Connecticut Route 8 from the vicinity of North Street in Seymour to the vicinity
of Connecticut Route 63 in Naugatuck.
(10) Connecticut Route 9 Extension from the vicinity of Interstate Route 91 in
Cromwell to the vicinity of United States Route 5 in Berlin.
(11) Connecticut Route 9 from the vicinity of the south junction of Connecticut
Route 17 in Middletown to the vicinity of the Sebethe River in Cromwell.
(12) and (13) Repealed by P.A. 78-107, S. 2.
(14) Connecticut Route 15 in Norwalk from approximately .4 miles west of Comstock Hill Road to approximately .4 miles east of West Rocks Road.
(15) Connecticut Route 15 from the vicinity of Burr Street in Fairfield to the vicinity
of Reservoir Avenue in Trumbull for engineering and acquisition of rights-of-way.
(16)-(18) Repealed by P.A. 78-107, S. 2.
(19) Connecticut Route 25 from the vicinity of Connecticut Route 111 to the vicinity
of Interstate Route 84.
(20) Connecticut Route 34 from the vicinity of the Orange-West Haven town line
to the vicinity of Boulevard in New Haven including a connection to United States Route
1 for engineering.
(21) and (22) Repealed by P.A. 78-107, S. 2.
(23) Connecticut Route 72 from the vicinity of the Bristol-Plymouth town line to
the vicinity of the Bristol-Plainville town line.
(24) Connecticut Route 78 from Interstate Route 95 to the Rhode Island state line
for engineering and acquisition of rights-of-way.
(25) Repealed by P.A. 78-107, S. 2.
(26) Connecticut Route 82 in Norwich from the vicinity of the Governor John Davis
Lodge Turnpike to the vicinity of Connecticut Route 32 and Connecticut Route 32 from
Connecticut Route 82 easterly to Washington Square.
(27) Repealed by P.A. 79-588, S. 2, 5.
(28) Connecticut Route 136 in Westport from the vicinity of Connecticut Route 33
to the vicinity of Imperial Avenue for engineering and acquisition of rights-of-way.
(29) and (30) Repealed by P.A. 78-107, S. 2.
(31) State Road 452 in Milford from the Governor John Davis Lodge Turnpike to
Silver Sands State Park for engineering and acquisition of rights-of-way.
(32) Repealed by P.A. 78-107, S. 2.
(33) Repealed by P.A. 77-351, S. 6, 7.
(34)-(37) Repealed by P.A. 78-107, S. 2.
(38) State Road 702 in Wallingford from the vicinity of United States Route 5 to
the vicinity of Hartford Turnpike for engineering and rights-of-way.
(39) State Road 537 in Newington from Connecticut Route 174 to the vicinity of
Robbins Avenue.
(40) and (41) Repealed by P.A. 78-107, S. 2.
(42) Connecticut Route 68 in Wallingford from west of Thorpe Avenue to the vicinity of North Branford Road.
(43)-(52) Repealed by P.A. 78-107, S. 2.
(53) For a contingency reserve to be added to any of the projects enumerated in this
section or to any project authorized in section 13a-185 or to any project authorized in
section 13a-198l, if and to the extent authorized by the State Bond Commission, not
exceeding five million dollars.
(54) Eastbound exit ramp and westbound entrance ramp to and from Interstate Route
84 in the vicinity of Austin Road in Waterbury.
(55) Repealed by P.A. 78-107, S. 2.
(56) Connecticut Route 15, improvements to interchange with Route 104 in
Stamford.
(57) Connecticut Route 14A in Plainfield, various sections from the vicinity of Fry
Brook easterly to the vicinity of the Sterling town line.
(58) Interstate Route 95, improvements to exits 7 and 8 of the Governor John Davis
Lodge Turnpike in Stamford.
(59) Connecticut Route 66 in Middletown, from the vicinity of Old Mill Road to
approximately 0.1 mile east of Connecticut Route 157, including realignment of a section of Connecticut Route 157 from Connecticut Route 66 southerly 0.1 mile.
(60) Connecticut Route 66 in Middletown, from approximately 0.1 mile east of
Connecticut Route 157 to the vicinity of Vine Street.
(61) Connecticut Route 3 extension from the vicinity of Naubuc Avenue in Glastonbury to Connecticut Route 2 in the vicinity of the Glastonbury-East Hartford town line.
(62) Connecticut Route 11 from 0.6 mile south of Connecticut Route 82 in Salem
to approximately 1.6 miles south of the Montville-Waterford town line for engineering.
(63) Connecticut Route 75 in Windsor Locks from Route 20 northerly to the vicinity
of the Windsor Locks-Suffield town line.
(64) Connecticut Route 8, from the vicinity of Coram Avenue in Shelton to the
vicinity of Route 34 in Derby, rehabilitation of the Commodore Hull Bridge including
some widening and adjustment of approaches and ramps to improve traffic operation.
(65) Improvement of access to Interstate 91 north of its interchange with Interstate
84 including the bridging of the Penn Central Railroad to provide a connector between
Interstate 91 and Main Street in Hartford, and the elimination of the Fishfry Street grade
crossing.
(66) Weston-Market Street connector in the city of Hartford.
(67) Relocation of U.S. Route 5 to run from the vicinity of Governor Street in the
city of East Hartford to the vicinity of the Bissell Bridge in the town of South Windsor.
(68) Realignment and improvement of U.S. Route 165 in the town of Preston from
0.4 miles east of McClimon Road easterly to the vicinity of Connecticut Route 164.
(69) Widening of Connecticut Route 2 at the intersection of Brickyard and School
House Roads in the town of Preston.
(70) Reconstruction of U.S. Route 122 in West Haven from its intersection with
U.S. Route 34 to Interstate 95.
(71) Connecticut Route 32 in Mansfield, from the vicinity of Brown's Road to the
vicinity of Connecticut Route 275.
(72) Connecticut Route 10 in Cheshire from the vicinity of Higgins Road to the
vicinity of Mountain View Terrace including the relocation of the overlapping section
of Connecticut Routes 68 and 70 from Maple Avenue to the vicinity of Wiese Road for
preliminary engineering only.
(73) Central Connecticut Expressway in Berlin, connecting ramps to and from
Christian Lane.
(74) Central Connecticut Expressway in Berlin, revision of interchange at Route
372.
(75) Central Connecticut Expressway in New Britain, turning roadways at Route 72.
(76) Central Connecticut Expressway, from the New Britain Connector in Newington to Interstate Route 84 in Farmington.
(1969, P.A. 755, S. 8; P.A. 73-157, S. 3, 11; P.A. 75-564, S. 2, 7; P.A. 76-332, S. 2, 5; P.A. 77-351, S. 2, 6, 7; P.A. 78-107, S. 2; 78-336, S. 1, 6; P.A. 79-588, S. 2, 5; P.A. 80-392, S. 2, 4; S.A. 80-41, S. 63, 68; P.A. 86-201, S. 9; P.A. 95-286,
S. 22, 26.)
*Note: Sections 1 to 6, inclusive, of public act 95-286 are special in nature and therefore have not been codified but
remain in full force and effect according to their terms.
History: P.A. 73-157 deleted reference to Sec. 13a-198i(a), added reference to Sec. 13a-198l, deleted exception re
instances when limitations may be exceeded, deleted limitations for specific projects, clarified project descriptions and
reduced authorization for contingency reserve in Subdiv. (53) from seven million four hundred thousand dollars to five
million dollars; P.A. 75-564 limited Subdivs. (7), (21), (25), (29), (30), (33), (36), (41), (43), (47) and (50) re expenses
incurred prior to July 1, 1975, clarified Subdivs. (11), (19), (22), (26), (28) and (40) and added Subdivs. (54) to (56); P.A.
76-332 added Subdivs. (57) to (59); P.A. 77-351 limited Subdivs. (4), (12), (22) and (45) re expenses incurred prior to
July 1, 1977, clarified Subdivs. (9), (10), (23) and (54), added Subdivs. (60) to (71) and repealed Subdiv. (33); P.A. 78-107 repealed Subdivs. (1), (2), (4) to (7), (12), (13), (16) to (18), (21), (22), (25), (29), (30), (32), (34) to (37), (40), (41),
(43) to (52) and (55); P.A. 78-336 clarified Subdivs. (19), (25)(rd.) and added Subdiv. (72); P.A. 79-588 repealed Subdiv.
(27); P.A. 80-392 added Subdivs. (73) to (76); S.A. 80-41 clarified Subdiv. (15); P.A. 86-201 changed references to the
Connecticut Turnpike to the Governor John Davis Lodge Turnpike; P.A. 95-286 added projects or purposes under Secs.
1 to 6 of P.A. 95-286, effective July 1, 1995.
Cited. 163 C. 43.
Sec. 13a-198c. Commissioner to proceed with projects. The Commissioner of
Transportation shall, subject to approval by the Governor of allotment of funds therefor,
undertake and proceed with the projects described in section 13a-198b, and, for such
purpose, the Commissioner of Transportation with respect to any such project may do
and perform any act or thing regarding the projects which are referred to in section
13a-198b.
(1969, P.A. 755, S. 9; P.A. 73-157, S. 5, 11; P.A. 82-369, S. 25, 28; P.A. 03-115, S. 37.)
History: P.A. 73-157 deleted reference to moneys available under Secs. 13a-198b and 13a-198h or other laws and added
reference to provisions of Sec. 13a-198k; P.A. 82-369 deleted reference to Sec. 13a-198k, which was repealed by the same
act; P.A. 03-115 made technical changes.
Sec. 13a-198d. Duties and powers of commissioner. Subject to the limitations
referred to in section 13a-198c and in order to effectuate the purposes of sections 13a-198a to 13a-198j, inclusive, the Commissioner of Transportation may (1) plan, design,
lay out, construct, reconstruct, relocate, improve, maintain and operate the projects, and
reconstruct and relocate existing highways, sections of highways, bridges or structures
and incorporate or use the same, whether or not so reconstructed or relocated or otherwise
changed or improved, as parts of such projects; (2) retain and employ consultants and
assistants on a contract or other basis for rendering professional, legal, fiscal, engineering, technical or other assistance and advice; and (3) do all things necessary or
convenient to carry out the purposes and duties and exercise the powers expressly given
in sections 13a-198a to 13a-198j, inclusive. Except as otherwise stated in section 13a-198c, nothing contained in sections 13a-198a to 13a-198j, inclusive, shall be construed
to limit or restrict, with respect to the projects, any power, right or authority of the
Commissioner of Transportation existing under or pursuant to any other law.
(1969, P.A. 755, S. 10; P.A. 03-115, S. 38.)
History: P.A. 03-115 made technical changes.
Sec. 13a-198e. Authorizations for issuance. None of the bonds referred to in section 13a-198a shall be authorized except upon a finding by the State Bond Commission
that there has been filed with it a request for such authorization, which is signed by or
on behalf of the Commissioner of Transportation and states such terms and conditions
as said commission in its discretion may require. Each series of said bonds shall be
authorized by a written determination which is signed by a majority of the members of
the State Bond Commission and filed in the office of the Secretary of the State and sets
forth the principal amount of the bonds of such series and a description of the purpose
or several purposes for which such bonds are authorized. Such description may specify
a part or parts of a particular project or particular projects enumerated in section 13a-198b but shall be sufficient if made merely by a reference to any of the numbered
subdivisions of said section 13a-198b.
(1969, P.A. 755, S. 11.)
Sec. 13a-198f. Terms of bonds. Sale. (a) All of said bonds of any such series shall
be payable at such place or places as may be determined by the Treasurer pursuant to
section 3-19 and shall bear such date or dates, mature at such times not later than thirty
years from their respective dates of issuance, bear interest at such rate or different or
varying rates and payable at such time or times, be in such denominations, be in such
form with or without interest coupons attached, carry such registration, conversion and
transfer privileges, be payable in such medium of payment and be subject to such terms
of redemption with or without premium as, irrespective of the provisions of section 3-20, may be provided in the determination authorizing the same or fixed in accordance
therewith.
(b) Except as otherwise expressly provided in section 13a-198a or in sections 13a-198g, 13a-198h, 13a-198i and 13a-198j, all of said bonds shall be issued in accordance
with section 3-20, and be sold at a price not less than the principal amount thereof plus
accrued interest, and except as otherwise directed by or pursuant to section 13a-198a
or sections 13a-198g to 13a-198j, inclusive, the proceeds of any sale of said bonds shall
be deposited in a special fund and used and applied as said section 3-20 provides. Pending
the use or application of any such proceeds as hereinabove directed, such proceeds may
be invested by the Treasurer in bonds or obligations of, or guaranteed by, the state or
the United States or agencies or instrumentalities of the United States.
(1969, P.A. 755, S. 12, 13; P.A. 74-342, S. 25, 43; P.A. 75-568, S. 24, 45.)
History: P.A. 74-342 replaced highway fund with transportation fund; P.A. 75-568 replaced transportation fund with
special fund.
Sec. 13a-198g. Filing of determination as appropriation. By filing as provided
in section 13a-198e of a determination authorizing a series of bonds for projects or
purposes described in said determination in accordance with said section 13a-198e, the
principal amount of said bonds shall be deemed to have been appropriated for said
projects or purposes, and the Commissioner of Transportation may proceed in the name
and on behalf of the state, on an authorization or appropriation basis, subject to approval
by the Governor of allotment thereof, to award contracts and incur obligations with
respect to any such project or purpose in amounts not in the aggregate exceeding the
authorized principal amount of said bonds, notwithstanding that such contracts and
obligations may at any particular date exceed the amount of the proceeds of such bonds
theretofore received by the state.
(1969, P.A. 755, S. 14.)
Sec. 13a-198h. Certificate identifying projects and available federal funds to
accompany authorization request. Use of federal funds. For the purposes of sections
13a-198a and 13a-198i "state moneys" means proceeds of the sale of bonds authorized
pursuant to said sections or of temporary notes issued in anticipation of the money to
be derived from the sale of such bonds. With each request filed as provided in section
13a-198e for an authorization of said bonds for any purpose described in section 13a-198b, there shall also be filed a certificate signed in the same manner as such request
briefly identifying the projects for costs of which proceeds of the sale of bonds are to
be used and expended and stating the amount of such proceeds to be so used and expended for costs of each such project, together with a statement whether, in the opinion
of the signer, all or any part of federal moneys then available or thereafter to be made
available for costs in connection with any such project should be added to the state
moneys available hereunder for such project. If the certificate so filed with respect to
any such project includes a statement that some amount of such federal moneys should
be added to such state moneys, then if and to the extent directed by the State Bond
Commission at the time of authorization of such bonds, said amount of such federal
moneys then available or thereafter to be made available for costs in connection with
such project may be added to any state moneys available or becoming available hereunder for such project and be used for such project as if constituting such state moneys,
and any other federal moneys then available or thereafter to be made available in connection with such project, if and to the extent from time to time directed by the State Bond
Commission, upon receipt shall, in conformity with applicable federal law be used by
the Treasurer to meet principal of outstanding bonds issued pursuant to section 13a-198a and sections 13a-198i and 13a-198j, or to meet the principal of temporary notes
issued in anticipation of the money to be derived from the sale of bonds theretofore
authorized pursuant to said sections for the purpose of financing such costs, either by
purchase or redemption and cancellation of such bonds or notes or by payment thereof
at maturity. Whenever any of the federal moneys so received with respect to such project
are used to meet principal of such temporary notes or whenever principal of any of such
temporary notes is retired by application of revenue receipts of the state, the amount of
bonds theretofore authorized in anticipation of which such temporary notes were issued,
and the aggregate amount of bonds which may be issued pursuant to said sections with
respect to said project, shall each be reduced by the amount of the principal so met or
retired. Pending use of the federal moneys so received to meet principal, the amount
thereof may be invested by the Treasurer in bonds or obligations of, or guaranteed by,
the state or the United States or agencies or instrumentalities of the United States, and
shall be deemed to be part of the debt retirement funds of the state, and net earnings on
such investments shall be used in the same manner as the said moneys so invested.
(1969, P.A. 755, S. 15.)
Sec. 13a-198i. Application of net earnings on investment of proceeds of such
bonds. Net earnings on investments of proceeds, accrued interest and premiums on the
issuance of such bonds after payment therefrom of expenses incurred by the Treasurer
or State Bond Commission in connection with their issuance shall be paid into the General Fund.
(1969, P.A. 755, S. 16, 17; P.A. 73-157, S. 6, 11; P.A. 74-342, S. 26, 43; P.A. 75-568, S. 25, 45.)
History: P.A. 73-157 deleted Subsec. (a) re use of excess project funds and deleted reference to Subsec. (a) in remaining
provisions; P.A. 74-342 replaced highway debt service fund with transportation fund; P.A. 75-568 replaced transportation
fund with general fund.