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CT SB00097
Bill
Status
Introduced
2/14/2024
Primary Sponsor
Ryan Fazio
Click for details
AI Summary
- Amends Connecticut General Statutes section 3-20(d)(2)(B) to change the bond allocation cap calculation method
- Replaces the fixed cap of $2.4 billion (adjusted for inflation) annually with a formula equal to one-fifteenth of projected revenue
- Limits debt-financed capital spending by establishing a revenue-based constraint on bond allocations
- Referred to the Committee on Finance, Revenue and Bonding
- Introduced by Senator Fazio (36th District) during the February 2024 legislative session
Legislative Description
An Act Adjusting The Bond Allocation Cap.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
2/14/2024
Committee Referrals
Finance, Revenue and Bonding2/14/2024
Full Bill Text
No bill text available