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CT SB00042
Bill
Status
2/7/2014
Primary Sponsor
Aging Committee
Click for details
AI Summary
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Authorizes the State Bond Commission to issue up to $5 million in state bonds for a senior and community center in Simsbury.
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Directs the Department of Economic and Community Development to provide the bond proceeds as a grant-in-aid to the town of Simsbury for construction of the facility.
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Bonds shall mature within 20 years from issuance and are backed by the full faith and credit of the state of Connecticut.
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Establishes that all provisions of Connecticut General Statutes Section 3-20 apply to the bonds, including authorization of temporary notes in anticipation of bond sales.
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Effective date is July 1, 2014.
Legislative Description
An Act Authorizing Bonds Of The State For A Senior And Community Center In Simsbury.
Last Action
Favorable Change of Reference, House to Committee on Finance, Revenue and Bonding
3/14/2014