Bill Text: CT SB00377 | 2015 | General Assembly | Introduced

Connecticut Senate Bill 377 (Prior Session Legislation)

Introduced

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-22 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00377 Detail]

Download: Connecticut-2015-SB00377-Introduced.html


General Assembly		*Proposed Bill No. 377*
*January Session, 2015*		LCO No. 1768
		01768
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. FASANO, 34th Dist.

AN ACT ESTABLISHING A CAP ON ANNUAL BOND ALLOCATIONS.

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

That the general statutes be amended to limit the total amount of general obligation bond allocations in any calendar year to one billion four hundred million dollars.

Statement of Purpose:

To reduce the growth in state debt by imposing a cap on annual bond allocations.