Bill Text: CT SB00093 | 2016 | General Assembly | Introduced

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Bill Title: An Act Establishing An Annual Cap On Bond Allocations.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-02-11 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00093 Detail]

Download: Connecticut-2016-SB00093-Introduced.html

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General Assembly		Proposed Bill No. 93
February Session, 2016		LCO No. 773
		*00773*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. HWANG, 28th Dist.

AN ACT ESTABLISHING AN ANNUAL CAP ON BOND ALLOCATIONS.

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 of $1.8 billion for bond allocations made by the State Bond Commission.

Statement of Purpose:

To reduce the state's debt service by establishing an annual cap for State Bond Commission allocations.