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CT SB00375
Bill
AI Summary
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Authorizes the State Bond Commission to issue bonds in an aggregate principal amount not exceeding $8 million, effective July 1, 2012
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Directs bond proceeds to the Underground Storage Tank Petroleum Clean-Up Review Board for payment or reimbursement ordered under section 22a-449d of the general statutes
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Bonds shall be general obligations of Connecticut with full faith and credit pledge; shall mature within 20 years from issuance date
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Applies all provisions of section 3-20 of the general statutes to the authorized bonds, including authority to issue temporary notes in anticipation of bond sale proceeds
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Requires the Secretary of the Office of Policy and Management to file a request with the State Bond Commission before any bonds can be authorized
Legislative Description
An Act Concerning Reimbursement Under The Underground Storage Tank Petroleum Clean-up Program.
Last Action
Referred by Senate to Committee on Finance, Revenue and Bonding
4/19/2012