General Assembly Proposed Bill No. 265
January Session, 2011 LCO No. 1377
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist. REP. CAFERO, 142nd Dist. REP. CANDELORA, 86th Dist. REP. KLARIDES, 114th Dist.
General Assembly
Proposed Bill No. 265
January Session, 2011
LCO No. 1377
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. MCKINNEY, 28th Dist.
SEN. FASANO, 34th Dist.
REP. CAFERO, 142nd Dist.
REP. CANDELORA, 86th Dist.
REP. KLARIDES, 114th Dist.
AN ACT CONCERNING BOND AUTHORIZATIONS FOR PROJECTS THAT HAVE NOT COMMENCED WITHIN FIVE YEARS OF AUTHORIZATION.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to reduce all bond allocations by requiring the State Bond Commission to review all outstanding bonding authorizations for projects that have not begun in the last five years.
Statement of Purpose:
To reduce the state's debt obligation and ensure that future capital projects are authorized only for essential purposes.