Connecticut Seal

General Assembly

 

Proposed Bill No. 5157

 

February Session, 2016

 

LCO No. 706

 

*00706*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. KLARIDES, 114th Dist.

REP. CANDELORA, 86th Dist.

REP. HOYDICK, 120th Dist.

REP. MINER, 66th Dist.

REP. O'NEILL, 69th Dist.

 

AN ACT ESTABLISHING A CAP ON BOND AUTHORIZATIONS AND STATE BOND COMMISSION ALLOCATIONS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to establish a limit of $1.8 billion on the annual amount of bond authorizations the State Bond Commission may issue pursuant to section 3-20 of the general statutes and to establish a limit of $1.8 billion on State Bond Commission allocations.

Statement of Purpose:

To limit the amounts of general obligation bond authorizations and State Bond Commission allocations.