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CT SB01005

Bill

Status

Introduced

2/17/2011

Primary Sponsor

Donald Williams

Click for details

Origin

Senate

2011 General Assembly

AI Summary

  • Authorizes the State Bond Commission to issue special tax obligation bonds not exceeding $68,900,000 for capital resurfacing and related reconstruction projects.

  • Directs proceeds from bond sales to the Department of Transportation's Bureau of Engineering and Highway Operations for capital resurfacing and related reconstruction projects.

  • Requires bond authorization requests to include capital development impact statements, human services facility colocation statements, and other required environmental and farmland statements before funds can be allotted.

  • Permits the State Bond Commission to authorize bonds without filed reports if it delegates acceptance authority to the commission secretary, provided reports are filed before project funds are allotted.

  • Establishes bonds as special obligations of the state payable only from pledged revenues under sections 13b-61 and 13b-61a of the general statutes, with no liability to the state beyond pledged revenues.

Legislative Description

An Act Concerning The Authorization Of Bonds Of The State For Capital Resurfacing And Related Reconstruction Projects.

Last Action

Public Hearing 03/07

3/1/2011

Committee Referrals

Finance, Revenue and Bonding2/17/2011

Full Bill Text

No bill text available