Bill Text: CT HB05005 | 2012 | General Assembly | Introduced

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Bill Title: An Act Concerning Annual Debt Service Payments.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-02-08 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05005 Detail]

Download: Connecticut-2012-HB05005-Introduced.html

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General Assembly		Proposed Bill No. 5005
February Session, 2012		LCO No. 52
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. COUTU, 47th Dist.

AN ACT CONCERNING ANNUAL DEBT SERVICE PAYMENTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to limit bond allocations in order to reduce annual debt service payment amounts to not more than ten per cent of all appropriated funds of the state budget.

Statement of Purpose:

To help reduce bonding in a time of financial stress.