CT SB01133

Restructures definitions in section 3-20(b) of general statutes by numbering terms including "bonds," "bond act," "refunding bonds," "resolution," and "State Bond Commission" for clarity (effective July 1, 2015).

Modifies section 3-20(f) to separately account for bond premiums, requiring net premiums (minus original issue discount) to be deposited to fund authorized bond purposes rather than going to the General Fund (effective July 1, 2015).

Allows the Treasurer to record bonds funded by net premiums as "deemed issued and retired" for authorization purposes without constituting actual bond issuance or retirement for financial reporting.

Clarifies that accrued interest on bonds continues to be deposited to the General Fund after expenses, while separating premium treatment from interest treatment.

Permits bond premium funds to be applied toward any unissued authorized bond purposes, with the Treasurer recording the allocation and preventing future issuance of bonds in the premium-funded amount.