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CT SB00671

Bill

Official Source

Status

Introduced

1/28/2021

Primary Sponsor

Jorge Cabrera

Click for details

Origin

Senate

2021 General Assembly

AI Summary

  • Authorizes the borough of Naugatuck to issue an additional series of pension deficit funding bonds to address unfunded past benefit obligations in its pension funds for fire employees and borough employees
  • Bond issuance amount cannot exceed the unfunded past benefit obligations as determined by actuarial valuation
  • Permits the borough to use bond proceeds to pay costs related to the issuance of such bonds
  • Referred to the Committee on Planning and Development during the January 2021 General Assembly session

Legislative Description

An Act Authorizing The Borough Of Naugatuck To Issue Pension Deficit Funding Bonds.

Last Action

Referred to Joint Committee on Planning and Development

1/28/2021

Committee Referrals

Planning and Development1/28/2021

Full Bill Text

No bill text available