Bill Text: CT HB06114 | 2015 | General Assembly | Introduced
Bill Title: An Act Authorizing Bonds Of The State For An Integrated Bonding And Finance Program For Minority Contractors Working On State And Municipal Construction Projects.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2015-02-13 - Change of Reference, Senate to Committee on Finance, Revenue and Bonding [HB06114 Detail]
Download: Connecticut-2015-HB06114-Introduced.html
General Assembly |
Proposed Bill No. 6114 |
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January Session, 2015 |
LCO No. 2825 | ||||
*02825* | |||||
Referred to Committee on GOVERNMENT ADMINISTRATION AND ELECTIONS |
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Introduced by: |
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REP. HENNESSY, 127th Dist. |
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AN ACT AUTHORIZING BONDS OF THE STATE FOR AN INTEGRATED BONDING AND FINANCE PROGRAM FOR MINORITY CONTRACTORS WORKING ON STATE AND MUNICIPAL CONSTRUCTION PROJECTS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That (1) the State Bond Commission be empowered to authorize the issuance of bonds of the state in accordance with section 3-20 of the general statutes, in principal amounts not exceeding in the aggregate ten million dollars, provided (A) five million dollars of said authorization shall be effective July 1, 2015, (B) two million five hundred thousand dollars of said authorization shall be effective July 1, 2016, and (C) two million five hundred thousand dollars of said authorization shall be effective July 1, 2017; and (2) the proceeds of such bonds shall be used by the Minority Construction Council, Inc. for the purpose of providing an integrated bonding and finance program for minority contractors working on state and municipal construction projects in the state.
Statement of Purpose:
To authorize ten million dollars for an integrated bonding and finance program for minority contractors working on state and municipal construction projects and to assist state and municipal governments in meeting minority business enterprise participation goals on construction contracts.