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.