Bill Text: CT HB05153 | 2016 | General Assembly | Introduced

---

Bill Title: An Act Establishing An Annual Cap On State Bond Authorizations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-02-10 - Referred to Joint Committee on Finance, Revenue and Bonding [HB05153 Detail]

Download: Connecticut-2016-HB05153-Introduced.html

---

General Assembly		Proposed Bill No. 5153
February Session, 2016		LCO No. 910
		*00910*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. HAMPTON, 16th Dist.

AN ACT ESTABLISHING AN ANNUAL CAP ON STATE BOND AUTHORIZATIONS.

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

That the general statutes be amended to establish an annual cap on bond authorizations of $1.5 billion.

Statement of Purpose:

To reduce the state's long-term indebtedness by establishing an annual cap on bond authorizations.