Bill Text: CT HB05109 | 2014 | General Assembly | Introduced

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Bill Title: An Act Concerning The Budget Reserve Fund.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2014-03-05 - Public Hearing 03/14 [HB05109 Detail]

Download: Connecticut-2014-HB05109-Introduced.html

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General Assembly		Proposed Bill No. 5109
February Session, 2014		LCO No. 908
Referred to Committee on APPROPRIATIONS
Introduced by:
REP. FLEXER, 44th Dist. REP. ROJAS, 9th Dist.

AN ACT CONCERNING THE BUDGET RESERVE FUND.

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

That section 4-30a of the general statutes be amended to increase the amount of surplus transferred into the Budget Reserve Fund from the current maximum of ten per cent of General Fund appropriations to a maximum of twenty per cent.

Statement of Purpose:

To increase the cap on the Rainy Day Fund from ten per cent to twenty per cent of General Fund appropriations.