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CT HB06114
Bill
Status
1/22/2015
Primary Sponsor
John Hennessy
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AI Summary
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Authorizes the State Bond Commission to issue up to $10 million in state bonds for an integrated bonding and finance program for minority contractors on state and municipal construction projects
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Distributes bond authorization across three fiscal years: $5 million effective July 1, 2015; $2.5 million effective July 1, 2016; and $2.5 million effective July 1, 2017
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Designates the Minority Construction Council, Inc. to administer the bond proceeds for the bonding and finance program
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Aims to assist state and municipal governments in meeting minority business enterprise participation goals on construction contracts
Legislative Description
An Act Authorizing Bonds Of The State For An Integrated Bonding And Finance Program For Minority Contractors Working On State And Municipal Construction Projects.
Last Action
Change of Reference, Senate to Committee on Finance, Revenue and Bonding
2/13/2015