CT SB01053

Authorizes the State Bond Commission to issue state bonds in one or more series not exceeding $20 million in aggregate principal amount.

Directs the Department of Education to use bond proceeds to provide grants-in-aid to the Capitol Region Education Council for capital improvements to schools it serves.

Allows temporary notes to be issued in anticipation of bond sales and authorizes bonds to mature within 20 years of issuance.

Requires the State Bond Commission to find that a written request signed by the Secretary of the Office of Policy and Management has been filed before authorizing any bonds.

Pledges the full faith and credit of Connecticut to repay bond principal and interest, with the State Treasurer obligated to make timely payments.