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CT SB01174
Bill
Status
3/10/2011
Primary Sponsor
Commerce Committee
Click for details
AI Summary
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Authorizes the State Bond Commission to issue up to $3 million in state bonds, effective July 1, 2011.
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Bond proceeds shall be provided to Connecticut Innovations, Incorporated to fund the IP Factory program.
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IP Factory will mentor student teams from Connecticut universities and colleges to commercialize dormant corporate technologies.
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Bonds are general obligations of the state with full faith and credit backing, maturing within 20 years of issuance.
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Follows standard bonding procedures under Connecticut General Statutes Section 3-20 regarding bond issuance, temporary notes, and payment obligations.
Legislative Description
An Act Authorizing Bonds Of The State To Allow Nonprofit-mentored Student Teams To Commercialize Dormant Corporate Technology.
Last Action
Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding
3/25/2011