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CT SB00027

Bill

Official Source

Status

Introduced

2/4/2010

Primary Sponsor

John McKinney

Click for details

Origin

Senate

2010 General Assembly

AI Summary

  • Authorizes the State Bond Commission to issue special tax obligation bonds up to $4,825,000, effective July 1, 2010
  • Proceeds shall be used by the Department of Transportation for environmental clean-up of service plazas along Interstate 95, the Merritt and Wilbur Cross Parkways, and Interstate 395
  • Bonds are classified as special obligations of the state payable only from pledged state revenues and cannot create liability beyond available funds
  • Bond authorization requires filing of a request by the Secretary of the Office of Policy and Management, capital development impact statements, and other required reports with the State Bond Commission
  • Any excess bond proceeds beyond project costs shall be used in accordance with general statutes sections 13b-74 to 13b-77

Legislative Description

An Act Authorizing Special Tax Obligation Bonds Of The State For Improvements To Service Plazas On Major Highways.

Last Action

Referred by Senate to Committee on Transportation

4/27/2010

Committee Referrals

Transportation4/27/2010
Finance, Revenue and Bonding2/4/2010

Full Bill Text

No bill text available