Bill Text: CT HB05173 | 2013 | General Assembly | Introduced

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Bill Title: An Act Concerning Interest Rates On Delinquent Municipal Bills.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-01-10 - Referred to Joint Committee on Planning and Development [HB05173 Detail]

Download: Connecticut-2013-HB05173-Introduced.html

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General Assembly		Proposed Bill No. 5173
January Session, 2013		LCO No. 465
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. D'AMELIO, 71st Dist.

AN ACT CONCERNING INTEREST RATES ON DELINQUENT MUNICIPAL BILLS.

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

That the general statutes be amended to provide that municipalities may not charge an interest rate on any delinquent bill payment exceeding five per cent of the federal prime rate.

Statement of Purpose:

To keep interest rates on delinquent payments to municipalities in line with the fluctuating economy.