Bill Text: CT SB00016 | 2014 | General Assembly | Introduced

Connecticut Senate Bill 16 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning Additional Payments To Reduce Capital Indebtedness.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2014-02-05 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00016 Detail]

Download: Connecticut-2014-SB00016-Introduced.html


General Assembly		*Proposed Bill No. 16*
*February Session, 2014*		LCO No. 176

Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FASANO, 34th Dist.

AN ACT CONCERNING ADDITIONAL PAYMENTS TO REDUCE CAPITAL INDEBTEDNESS.

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

That the general statutes be amended to provide that the amount equal to any lapse in the debt service item in the budget be directed to make additional payments on any outstanding bonded indebtedness.

Statement of Purpose:

To create savings in state long-term debt by directing that funds that would otherwise lapse be used to reduce outstanding indebtedness.