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CT HB05370
Bill
Status
2/25/2010
Primary Sponsor
Housing Committee
Click for details
AI Summary
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Authorizes the State Bond Commission to issue up to $50 million in state bonds for capital improvements of moderate rental housing.
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Proceeds from bond sales shall be granted to the Hartford Housing Authority for rehabilitation, renovation, and capital improvements to moderate rental units.
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Bonds are general obligations of the state backed by the full faith and credit of Connecticut, with principal and interest appropriated automatically.
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Bonds may have maturity periods not exceeding 20 years from issuance, with terms and conditions determined by the State Bond Commission.
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Effective date is July 1, 2010, and provisions of Connecticut General Statutes Section 3-20 regarding state bonds apply to this authorization.
Legislative Description
An Act Authorizing Bonds Of The State For Capital Improvements Of Moderate Rental Housing Operated By The Hartford Housing Authority.
Last Action
Favorable Change of Reference, Senate to Committee on Finance, Revenue and Bonding
3/17/2010