Bill Text: CT SB00416 | 2017 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Limiting The Aggregate Amounts Of General Obligation Bonds That May Be Issued By The State.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2017-04-20 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00416 Detail]

Download: Connecticut-2017-SB00416-Introduced.html

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General Assembly		Proposed Bill No. 416
January Session, 2017		LCO No. 3151
		*03151*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FASANO, 34th Dist. SEN. WITKOS, 8th Dist.

AN ACT LIMITING GENERAL OBLIGATION BOND ALLOCATIONS AND ISSUANCES.

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

That the general statutes be amended to limit (1) the allocation of general obligation bonds to not more than two billion dollars in any calendar year, and (2) the issuance of general obligation bonds to not more than two billion dollars in any fiscal year.

Statement of Purpose:

To limit the state's bond indebtedness.