General Assembly Proposed Bill No. 592
January Session, 2011 LCO No. 941
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. BOUCHER, 26th Dist.
General Assembly
Proposed Bill No. 592
January Session, 2011
LCO No. 941
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. BOUCHER, 26th Dist.
AN ACT CONCERNING LEGISLATIVE APPROVAL OF SECURITIZATION PLANS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to require that any legislation concerning the securitization of any state asset or future revenue stream must be approved by a two-thirds vote of each chamber of the General Assembly.
Statement of Purpose:
To require two-thirds approval by the General Assembly of any securitization of state assets or revenue streams.