Connecticut Seal

General Assembly

File No. 210

    February Session, 2014

Substitute House Bill No. 5377

House of Representatives, March 31, 2014

The Committee on Program Review and Investigations reported through REP. MUSHINSKY of the 85th Dist., Chairperson of the Committee on the part of the House, that the substitute bill ought to pass.

This act shall take effect as follows and shall amend the following sections:

Section 1

October 1, 2014

31-3h(b)

Sec. 2

October 1, 2014

New section

Sec. 3

October 1, 2014

31-22q

Sec. 4

October 1, 2014

New section

Sec. 5

October 1, 2014

31-3w(a)

Sec. 6

July 1, 2014

PA 11-1 of the October Sp. Sess., Sec. 5

Sec. 7

October 1, 2014

31-3pp(c)

PRI

Joint Favorable Subst.

 

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Labor Dept.

GF - Potential Cost

Up to 17.0 million

Up to 17.0 million

Treasurer, Debt Serv.

GF - Cost

None

1.0 million

Fiscal Year

Authorization Amount

Total Debt Service Cost*

Interest

Principal

FY 15

10.00

15.25

5.25

10.00

FY 16

10.00

15.25

5.25

10.00

TOTAL

20.00

30.50

10.50

20.00

*Figures assume that bonds are issued at 5.0% over 20 year term

Sources:

Department of Labor Labor Market Information

 

Program Review and Investigations Report on the Reemployment of Older Workers December 2013

Yea

11

Nay

0

(03/13/2014)

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