Bill Text: CT SB00294 | 2015 | General Assembly | Introduced


Bill Title: An Act Increasing The Cap On The Budget Reserve Fund.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2015-03-11 - Public Hearing 03/27 [SB00294 Detail]

Download: Connecticut-2015-SB00294-Introduced.html

General Assembly

 

Proposed Bill No. 294

 

January Session, 2015

 

LCO No. 2804

 

*02804*

Referred to Committee on APPROPRIATIONS

 

Introduced by:

 

SEN. FLEXER, 29th Dist.

REP. ROJAS, 9th Dist.

 

AN ACT INCREASING THE CAP ON THE BUDGET RESERVE FUND.

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

That section 4-30a of the general statutes be amended to increase the amount of surplus transferred into the Budget Reserve Fund from the current maximum of ten per cent of General Fund appropriations.

Statement of Purpose:

To increase the cap on the Rainy Day Fund from the current maximum of ten per cent of General Fund appropriations.

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