OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
April 28, 2014
To Fiscal Note on
sSB-29, File No. 653
AN ACT AUTHORIZING AND ADJUSTING BONDS OF THE STATE FOR CAPITAL IMPROVEMENTS, TRANSPORTATION AND OTHER PURPOSES.
The fiscal note should have stated that the three invalid GO bond authorizations (a total of $1.5 million) under the Department of Economic and Community Development are currently being counted under the statutory debt limitation on General Obligation (GO) bonds so cancelling the authorizations will increase GO bonding capacity by $1.5 million.