CT HB06603

Authorizes the State Treasurer, with State Bond Commission approval, to transfer unexpended general obligation bond proceeds to the General Fund if no longer needed for authorized purposes, provided the transfer does not affect the tax-exempt status of the bonds.

Requires the Office of Policy and Management to submit annual reports beginning January 1, 2010, identifying all fully-issued general obligation bond funds, their project descriptions, encumbrance status, and five-year expenditure history.

Requires annual reports beginning January 1, 2014, identifying all general obligation bonds approved in the preceding five years, indicating which projects have started, and recommending cancellation of authorizations for inactive projects not in the state's best interest.

Exempts consolidated amounts as defined in section 8-37rr from the transfer provisions in subsection (a).

Effective July 1, 2013.