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CT SB00006

Bill

Status

Introduced

2/8/2012

Primary Sponsor

Leroy Frantz

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Requires the Treasurer to hold all proceeds from bond issuances separately from other state moneys
  • Prohibits bond proceeds from being used for any purpose except financing a specific program or project approved by the State Bond Commission
  • Restricts bond proceeds from being used to pay for ongoing general government expenditures
  • Applies only to bonds issued by the Treasurer as authorized by the State Bond Commission

Legislative Description

An Act Concerning The Use Of Bond Proceeds.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/8/2012

Committee Referrals

Finance, Revenue and Bonding2/8/2012

Full Bill Text

No bill text available