Bill Text: CT HB06684 | 2017 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Concerning The Maturity Date For Certain Municipal Bonds.

Spectrum: Committee Bill

Status: (Introduced - Dead) 2017-03-23 - Referred to Joint Committee on Planning and Development [HB06684 Detail]

Download: Connecticut-2017-HB06684-Introduced.html

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General Assembly		Proposed Bill No. 6684
January Session, 2017		LCO No. 2837
		*02837*
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
REP. ROJAS, 9th Dist.

AN ACT CONCERNING MUNICIPALITIES AND URBAN STABILIZATION BONDS.

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

That the general statutes be amended to allow municipalities, for the next four years, to issue urban stabilization bonds for maximum terms of thirty years for both new and refunding bonds.

Statement of Purpose:

To allow municipalities the limited option to use urban stabilization bonds with a maximum term of thirty years to provide debt service relief to Connecticut municipalities.