CT HB06562

Establishes the Capital Debt Affordability Advisory Committee to review the state's general obligation debt and provide findings to the State Bond Commission by October 1 annually.

Committee shall recommend the maximum amount of new long-term general obligation debt that may prudently be authorized for the next two fiscal years.

Committee consists of 10 members appointed by the Governor, House Speaker, Senate President Pro Tempore, House Majority Leader, Senate Majority Leader, House Minority Leader, and Senate Minority Leader with expertise in bond markets, public economics, government finance, construction, economic development, and public infrastructure.

Initial appointments must be made within 30 days of the bill's effective date, with the Governor appointing the chairperson and scheduling the first meeting within 60 days; thereafter meetings shall be held quarterly.

Members serve without compensation but are reimbursed for necessary expenses, with a quorum of five members required for committee action; the committee is administratively located in the Office of the State Treasurer.