Bill Text: CT SB00440 | 2011 | General Assembly | Introduced
Bill Title: An Act Concerning A Limit On The State's Bonded Indebtedness.
Spectrum: Partisan Bill (Republican 5-0)
Status: (Introduced - Dead) 2011-01-21 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00440 Detail]
Download: Connecticut-2011-SB00440-Introduced.html
General Assembly |
Proposed Bill No. 440 |
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January Session, 2011 |
LCO No. 1358 | ||||
Referred to Committee on Finance, Revenue and Bonding |
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Introduced by: |
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SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist. REP. CAFERO, 142nd Dist. REP. CANDELORA, 86th Dist. REP. KLARIDES, 114th Dist. |
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AN ACT CONCERNING A LIMIT ON THE STATE'S BONDED INDEBTEDNESS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to limit bond allocations in order to reduce annual debt service payment amounts to a level that does not exceed ten per cent of all appropriated funds of the state budget.
Statement of Purpose: