Bill Text: CT HB06552 | 2017 | General Assembly | Introduced


Bill Title: An Act Implementing An Annual Cap On Bond Issuances.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced - Dead) 2017-02-17 - Public Hearing 02/24 [HB06552 Detail]

Download: Connecticut-2017-HB06552-Introduced.html

General Assembly

 

Proposed Bill No. 6552

 

January Session, 2017

 

LCO No. 1978

 

*01978*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

REP. KLARIDES, 114th Dist.

REP. CANDELORA, 86th Dist.

REP. HOYDICK, 120th Dist.

REP. O'DEA, 125th Dist.

REP. O'NEILL, 69th Dist.

 

AN ACT IMPLEMENTING AN ANNUAL CAP ON BOND ISSUANCES.

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

That the general statutes be amended to implement an annual cap of $1.3 billion on bond issuances.

Statement of Purpose:

To reduce debt service by implementing an annual cap on bond issuances.

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