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CT SB00872

Bill

Official Source

Status

Introduced

1/23/2023

Primary Sponsor

Ryan Fazio

Click for details

Origin

Senate

2023 General Assembly

AI Summary

  • Amends section 3-20(d)(2) of Connecticut General Statutes to change the annual bond allocation cap calculation method
  • Replaces the current cap of two billion dollars adjusted for inflation with a new cap of one-fifteenth of projected revenue
  • Referred to the Committee on Finance, Revenue and Bonding
  • Introduced by Senator Fazio (36th District) during the January 2023 session
  • Intended to reduce debt-financed capital spending by implementing a more restrictive limit on bond allocations

Legislative Description

An Act Adjusting The Bond Allocation Cap.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

1/23/2023

Committee Referrals

Finance, Revenue and Bonding1/23/2023

Full Bill Text

No bill text available