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CT HB06391

Bill

Official Source

Status

Introduced

1/23/2017

Primary Sponsor

Vincent Candelora

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Requires that general obligation bonds allocated by the State Bond Commission in a fiscal year cannot exceed the amount authorized by the General Assembly for that year
  • Mandates an automatic 10% reduction in bond allocations if the total of all allocated but unissued bonds exceeds the amount authorized by the General Assembly for that fiscal year
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Rep. Candelora (86th District) during the January 2017 session
  • Aims to reduce state debt through statutory limits and automatic reductions on general obligation bond allocations

Legislative Description

An Act Concerning General Obligation Bond Allocation Limits And Reductions.

Last Action

Public Hearing 02/24

2/17/2017

Committee Referrals

Finance, Revenue and Bonding1/23/2017

Full Bill Text

No bill text available