Bill Text: CT HB05892 | 2011 | General Assembly | Introduced

Connecticut House Bill 5892 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning Interest On Security Deposits.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2011-02-04 - Public Hearing 02/10 [HB05892 Detail]

Download: Connecticut-2011-HB05892-Introduced.html


General Assembly		*Proposed Bill No. 5892*
*January Session, 2011*		LCO No. 848

Referred to Committee on Housing
Introduced by:
REP. GIULIANO, 23rd Dist.

AN ACT CONCERNING INTEREST ON SECURITY DEPOSITS.

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

That section 47a-21 of the general statutes be amended to repeal the requirement that landlords pay one and one-half per cent interest on security deposits and to instead provide that such interest shall be at a rate equal to the standard savings interest rate for banks in the state.

Statement of Purpose:

To bring the interest rate on security deposits in line with current interest rates.