General Assembly Proposed Bill No. 5892
January Session, 2011 LCO No. 848
Referred to Committee on Housing
Introduced by:
REP. GIULIANO, 23rd Dist.
General Assembly
Proposed Bill No. 5892
January Session, 2011
LCO No. 848
Referred to Committee on Housing
Introduced by:
REP. GIULIANO, 23rd Dist.
AN ACT CONCERNING INTEREST ON SECURITY DEPOSITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 47a-21 of the general statutes be amended to repeal the requirement that landlords pay one and one-half per cent interest on security deposits and to instead provide that such interest shall be at a rate equal to the standard savings interest rate for banks in the state.
Statement of Purpose:
To bring the interest rate on security deposits in line with current interest rates.