General Assembly Proposed Bill No. 5219
January Session, 2011 LCO No. 549
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. CHAPIN, 67th Dist.
General Assembly
Proposed Bill No. 5219
January Session, 2011
LCO No. 549
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
REP. CHAPIN, 67th Dist.
AN ACT CONCERNING AN EXPIRATION DATE FOR BOND AUTHORIZATIONS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that bond authorizations passed by the General Assembly that are not allocated by the State Bond Commission within five years of such legislative authorization shall expire.
Statement of Purpose:
To require the expiration of bond authorizations that are not allocated by the State Bond Commission within five years.