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CT HB06785

Bill

Official Source

Status

Introduced

1/30/2019

Primary Sponsor

Geoffrey Luxenberg

Click for details

Origin

House of Representatives

2019 General Assembly

AI Summary

  • Amends Connecticut general statutes to create an inventory of state-owned assets eligible for transfer to a real estate investment trust (REIT)
  • Authorizes transfer of identified state assets to a REIT for the purpose of generating revenue
  • Directs revenue generated from asset transfers to offset both short-term and long-term state pension obligations
  • Aims to address pension funding without implementing tax increases

Legislative Description

An Act Concerning The Use Of State-owned Assets To Address The State's Pension Obligations Without Raising Taxes.

Last Action

Referred to Joint Committee on Appropriations

1/30/2019

Committee Referrals

Appropriations1/30/2019

Full Bill Text

No bill text available