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CT SB00083

Bill

Official Source

Status

Introduced

2/15/2022

Primary Sponsor

Ryan Fazio

Click for details

Origin

Senate

2022 General Assembly

AI Summary

  • Amends subdivision (2) of subsection (d) of section 3-21 of the general statutes regarding bond allocation caps
  • Replaces the current fixed cap of two billion dollars in the aggregate per calendar year with a formula-based approach
  • New cap will be set at one-fifteenth of the General Fund tax receipts from the preceding fiscal year
  • Makes the bond allocation limit flexible based on annual tax revenue rather than a static dollar amount
  • Referred to the Committee on Finance, Revenue and Bonding

Legislative Description

An Act Adjusting The Bond Allocation Cap.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/15/2022

Committee Referrals

Finance, Revenue and Bonding2/15/2022

Full Bill Text

No bill text available