Bill Text: CT HB05560 | 2013 | General Assembly | Introduced


Bill Title: An Act Concerning The Budget Reserve Fund.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2013-03-12 - Public Hearing 03/22 [HB05560 Detail]

Download: Connecticut-2013-HB05560-Introduced.html

General Assembly

 

Proposed Bill No. 5560

 

January Session, 2013

 

LCO No. 1928

   

Referred to Committee on APPROPRIATIONS

 

Introduced by:

 

REP. FLEXER, 44th Dist.

REP. ROJAS, 9th Dist.

 

AN ACT CONCERNING THE BUDGET RESERVE FUND.

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

That section 4-30a of the general statutes be amended to increase the amount of surplus transferred into the Budget Reserve Fund from the current maximum of ten per cent of General Fund appropriations to a maximum of thirty per cent.

Statement of Purpose:

To increase the amount of funds in the Rainy Day Fund.

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