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CT SB00570

Bill

Official Source

Status

Introduced

1/24/2013

Primary Sponsor

Leroy Frantz

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Amends section 3-17 of the general statutes to require the Treasurer to hold all bond proceeds separate from other state monies
  • Prohibits use of bond proceeds for any purpose except financing a specific program or project approved by the State Bond Commission
  • Prevents bond proceeds from being used to pay for ongoing general government expenditures
  • Ensures bond issuances are used only for their intended purposes as approved 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

1/24/2013

Committee Referrals

Finance, Revenue and Bonding1/24/2013

Full Bill Text

No bill text available