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CT SB00183
Bill
Status
2/19/2014
Primary Sponsor
Higher Education and Employment Advancement Committee
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AI Summary
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Amends section 10a-109f of the general statutes to expand the types of revenues that can secure financing transactions for UConn 2000 projects to include "other funding sources" in addition to assured revenues and project revenues.
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Allows the University of Connecticut board of trustees to issue securities for UConn 2000 projects, project refunding, and refunding borrowings when directed by majority vote.
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Clarifies that the expanded revenue sources do not increase annual or aggregate caps on securities whose special debt service requirements are secured by state debt service commitments.
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Takes effect upon passage.
Legislative Description
An Act Concerning Financing Transactions For Revenue Bond Projects Under Uconn 2000.
Last Action
Public Hearing 02/25
2/21/2014