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CT SB00183

Bill

Status

Introduced

2/19/2014

Primary Sponsor

Higher Education and Employment Advancement Committee

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Origin

Senate

2014 General Assembly

AI Summary

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Higher Education and Employment Advancement2/19/2014

Full Bill Text

No bill text available