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CT HB05075

Bill

Official Source

Status

Introduced

2/9/2010

Primary Sponsor

Shawn Johnston

Click for details

Origin

House of Representatives

2010 General Assembly

AI Summary

  • Changes the funding source for local school construction, repair, and renovations from bonding to General Fund appropriations
  • Phases in the funding change over ten years by calculating the average state reimbursement for these purposes over the past five years
  • Adds one-tenth of the calculated average to General Fund revenues each year for ten years until fully transitioned
  • Projected to save the state hundreds of millions of dollars in future debt service costs by eliminating bond financing

Legislative Description

An Act Concerning Funding For School Construction.

Last Action

Referred to Joint Committee on Education

2/9/2010

Committee Referrals

Education2/9/2010

Full Bill Text

No bill text available