Bill Text: CT HB05857 | 2015 | General Assembly | Introduced

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Bill Title: An Act Concerning Interest Due On Advances From The Unemployment Compensation Advance Fund.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-02-17 - Public Hearing 02/24 [HB05857 Detail]

Download: Connecticut-2015-HB05857-Introduced.html

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General Assembly		Proposed Bill No. 5857
January Session, 2015		LCO No. 1465
		*01465*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
REP. DEVLIN, 134th Dist.

AN ACT CONCERNING INTEREST DUE ON ADVANCES FROM THE UNEMPLOYMENT COMPENSATION ADVANCE FUND.

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

That the general statutes be amended to direct sixty million dollars from the state's projected excess revenue to pay interest due on advances from the Unemployment Compensation Advance Fund.

Statement of Purpose:

To create jobs, grow the state economy and provide financial relief to businesses in the state by paying down the interest due on advances from the Unemployment Compensation Advance Fund.