General Assembly |
Proposed Bill No. 6552 |
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January Session, 2017 |
LCO No. 1978 | ||||
*01978* | |||||
Referred to Committee on FINANCE, REVENUE AND BONDING |
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Introduced by: |
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REP. KLARIDES, 114th Dist. REP. CANDELORA, 86th Dist. REP. HOYDICK, 120th Dist. REP. O'DEA, 125th Dist. REP. O'NEILL, 69th Dist. |
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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.