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CT SB00188

Bill

Official Source

Status

Introduced

1/18/2017

Primary Sponsor

Robert Duff

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Authorizes the State Bonding Commission to issue state bonds in an aggregate principal amount not exceeding $10 million
  • Proceeds from bond issuance shall be used by state agencies to provide social impact bonds funding social programs
  • Social impact bonds must be designed to achieve improved social results and are funded by private entities
  • Private entities funding social impact bonds are repaid when contractually agreed upon objectives are achieved
  • Bonds authorized in accordance with Connecticut General Statutes section 3-20

Legislative Description

An Act Authorizing Bonds Of The State For Social Impact Bonds.

Last Action

Public Hearing 02/24

2/17/2017

Committee Referrals

Finance, Revenue and Bonding1/18/2017

Full Bill Text

No bill text available