CT
Connecticut House Bill HB05202

Connecticut 2011 Regular Session

Connecticut House Bill HB05202 Compare Versions

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1-General Assembly Substitute Bill No. 5202
2-January Session, 2011 *_____HB05202ENVFIN031011____*
1+General Assembly Committee Bill No. 5202
2+January Session, 2011 LCO No. 2392
3+ *02392HB05202ENV*
4+Referred to Committee on Environment
5+Introduced by:
6+(ENV)
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48 General Assembly
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6-Substitute Bill No. 5202
10+Committee Bill No. 5202
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812 January Session, 2011
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10-*_____HB05202ENVFIN031011____*
14+LCO No. 2392
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16+*02392HB05202ENV*
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18+Referred to Committee on Environment
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20+Introduced by:
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22+(ENV)
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1224 AN ACT AUTHORIZING THE ISSUANCE OF BONDS FOR FARMLAND PRESERVATION.
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1426 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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1628 Section 1. (Effective July 1, 2011) (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate twenty million dollars.
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1830 (b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Agriculture for the purpose of purchasing development rights to agricultural lands in accordance with section 22-26cc of the general statutes.
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2032 (c) All provisions of section 3-20 of the general statutes, or the exercise of any right or power granted thereby, which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due.
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22-Sec. 2. (Effective July 1, 2011) (a) For the purposes described in subsection (b) of this section, the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds of the state in one or more series and in principal amounts not exceeding in the aggregate two million dollars.
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24-(b) The proceeds of the sale of said bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Agriculture for the purpose of funding the community farms program, as described in section 22a-26nn of the general statutes.
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26-(c) All provisions of section 3-20 of the general statutes, or the exercise of any right or power granted thereby, which are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section, and temporary notes in anticipation of the money to be derived from the sale of any such bonds so authorized may be issued in accordance with said section 3-20 and from time to time renewed. Such bonds shall mature at such time or times not exceeding twenty years from their respective dates as may be provided in or pursuant to the resolution or resolutions of the State Bond Commission authorizing such bonds. None of said bonds shall be authorized except upon a finding by the State Bond Commission that there has been filed with it a request for such authorization which is signed by or on behalf of the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to this section shall be general obligations of the state and the full faith and credit of the state of Connecticut are pledged for the payment of the principal of and interest on said bonds as the same become due, and accordingly and as part of the contract of the state with the holders of said bonds, appropriation of all amounts necessary for punctual payment of such principal and interest is hereby made, and the State Treasurer shall pay such principal and interest as the same become due.
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3137 This act shall take effect as follows and shall amend the following sections:
3238 Section 1 July 1, 2011 New section
33-Sec. 2 July 1, 2011 New section
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3540 This act shall take effect as follows and shall amend the following sections:
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3742 Section 1
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3944 July 1, 2011
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4146 New section
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43-Sec. 2
48+Statement of Purpose:
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45-July 1, 2011
50+To provide funding for the preservation of farmlands.
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47-New section
52+[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
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51-ENV Joint Favorable Subst. C/R FIN
56+Co-Sponsors: REP. CHAPIN, 67th Dist.
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53-ENV
58+Co-Sponsors:
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55-Joint Favorable Subst. C/R
60+REP. CHAPIN, 67th Dist.
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57-FIN
62+H.B. 5202