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CT HB07218

Bill

Official Source

Status

Introduced

3/1/2017

Primary Sponsor

Planning and Development Committee

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Authorizes the State Bond Commission to issue up to $10 million in state bonds effective July 1, 2017.
  • Bond proceeds shall be distributed by the Department of Transportation as grants-in-aid to municipalities for municipal development projects as defined in Connecticut General Statutes section 32-222.
  • Bonds will mature within 20 years and are backed by the full faith and credit of the state of Connecticut.
  • The state appropriates all amounts necessary to pay principal and interest on the bonds as they become due.
  • Temporary notes may be issued in anticipation of bond sales in accordance with section 3-20 of the general statutes.

Legislative Description

An Act Authorizing Bonds Of The State For Municipal Development Projects.

Last Action

File Number 733

5/9/2017

Committee Referrals

Finance, Revenue and Bonding3/17/2017
Planning and Development3/1/2017

Full Bill Text

No bill text available