Connecticut Seal

General Assembly

 

Proposed Bill No. 6684

 

January Session, 2017

 

LCO No. 2837

 

*02837*

Referred to Committee on PLANNING AND DEVELOPMENT

 

Introduced by:

 

REP. ROJAS, 9th Dist.

 

AN ACT CONCERNING MUNICIPALITIES AND URBAN STABILIZATION BONDS.

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

That the general statutes be amended to allow municipalities, for the next four years, to issue urban stabilization bonds for maximum terms of thirty years for both new and refunding bonds.

Statement of Purpose:

To allow municipalities the limited option to use urban stabilization bonds with a maximum term of thirty years to provide debt service relief to Connecticut municipalities.