CT SB01194

Authorizes the State Bond Commission to issue special tax obligation bonds in an aggregate principal amount not exceeding $68,900,000 for capital resurfacing and related reconstruction projects

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

Requires bond authorization requests to be signed by the Secretary of the Office of Policy and Management and filed with the State Bond Commission, along with required impact statements and advisory reports

Permits the State Bond Commission to authorize bonds without filed reports if the commission authorizes its secretary to accept those reports on its behalf, but prevents fund allotment until reports are filed

Establishes that bonds are 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 funds