Connecticut 2013 Regular Session

Connecticut Senate Bill SB00527 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1		General Assembly Committee Bill No. 527
2	2		January Session, 2013 LCO No. 4961
3		-	~~_____SB00527CE_FIN032613___~~_
	3	+	04961SB00527CE_
4	4		Referred to Committee on COMMERCE
5	5		Introduced by:
6	6		(CE)
7	7
8	8		General Assembly
9	9
10	10		Committee Bill No. 527
11	11
12	12		January Session, 2013
13	13
14	14		LCO No. 4961
15	15
16		-	~~_____SB00527CE_FIN032613___~~_
	16	+	04961SB00527CE_
17	17
18	18		Referred to Committee on COMMERCE
19	19
20	20		Introduced by:
21	21
22	22		(CE)
23	23
24	24		AN ACT AUTHORIZING BONDS OF THE STATE FOR ECONOMIC DEVELOPMENT PROJECTS.
25	25
26	26		Be it enacted by the Senate and House of Representatives in General Assembly convened:
27	27
28	28		Section 1. (Effective July 1, 2013) (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 five hundred thousand dollars.
29	29
30	30		(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 Economic and Community Development for the purpose of providing a grant-in-aid to the Milford-Orange YMCA for facility renovations.
31	31
32	32		(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.
33	33
34	34		Sec. 2. (Effective July 1, 2013) (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 hundred fifty thousand dollars.
35	35
36	36		(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 Economic and Community Development for the purpose of providing a grant-in-aid to the Boys and Girls Club of Greater Waterbury for roof repairs.
37	37
38	38		(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.
39	39
40	40		Sec. 3. (Effective July 1, 2013) (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 one million dollars.
41	41
42	42		(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 Economic and Community Development for the purpose of providing a grant-in-aid to the Mystic Seaport Museum in the town of Stonington for the renovation and restoration of the Whaleship Charles W. Morgan.
43	43
44	44		(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.
45	45
46	46		Sec. 4. (Effective July 1, 2013) (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 one million five hundred thousand dollars.
47	47
48	48		(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 Economic and Community Development for the purpose of providing a grant-in-aid to the Shubert Theater in the city of New Haven for repairs and renovations.
49	49
50	50		(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.
51	51
52	52		Sec. 5. (Effective July 1, 2013) (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 one million dollars.
53	53
54	54		(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 Economic and Community Development for the purpose of providing a grant-in-aid to the city of West Haven for further improvements to the West Haven Arts Center.
55	55
56	56		(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.
57	57
58	58		Sec. 6. (Effective July 1, 2013) (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 one million five hundred thousand dollars.
59	59
60	60		(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 Economic and Community Development for the purpose of a grant-in-aid to the Lyman Allyn Art Museum in the city of New London to purchase a natural gas heating, ventilation and air conditioning system.
61	61
62	62		(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.
63	63
64	64		Sec. 7. (Effective July 1, 2013) (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 three million five hundred thousand dollars.
65	65
66	66		(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 Economic and Community Development for the purpose of providing a grant-in-aid to the Connecticut Trolley Museum in the town of East Windsor for improvements and expansion of the museum.
67	67
68	68		(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.
69	69
70	70
71	71
72	72
73	73		This act shall take effect as follows and shall amend the following sections:
74	74		Section 1 July 1, 2013 New section
75	75		Sec. 2 July 1, 2013 New section
76	76		Sec. 3 July 1, 2013 New section
77	77		Sec. 4 July 1, 2013 New section
78	78		Sec. 5 July 1, 2013 New section
79	79		Sec. 6 July 1, 2013 New section
80	80		Sec. 7 July 1, 2013 New section
81	81
82	82		This act shall take effect as follows and shall amend the following sections:
83	83
84	84		Section 1
85	85
86	86		July 1, 2013
87	87
88	88		New section
89	89
90	90		Sec. 2
91	91
92	92		July 1, 2013
93	93
94	94		New section
95	95
96	96		Sec. 3
97	97
98	98		July 1, 2013
99	99
100	100		New section
101	101
102	102		Sec. 4
103	103
104	104		July 1, 2013
105	105
106	106		New section
107	107
108	108		Sec. 5
109	109
110	110		July 1, 2013
111	111
112	112		New section
113	113
114	114		Sec. 6
115	115
116	116		July 1, 2013
117	117
118	118		New section
119	119
120	120		Sec. 7
121	121
122	122		July 1, 2013
123	123
124	124		New section
125	125
	126	+	Statement of Purpose:
	127	+
	128	+	To provide funding for various economic development projects.
	129	+
	130	+	[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.]
126	131
127	132
128		-	CE Joint Favorable C/R FIN
129	133
130		-	CE
	134	+	Co-Sponsors: SEN. SLOSSBERG, 14th Dist.; REP. DAVIS P., 117th Dist. REP. ROSE, 118th Dist.; REP. MARONEY, 119th Dist. REP. MILLER L., 122nd Dist.; SEN. HARTLEY, 15th Dist. SEN. MARKLEY, 16th Dist.; REP. BERGER, 73rd Dist. REP. D'AMELIO, 71st Dist.; REP. NOUJAIM, 74th Dist. REP. CUEVAS, 75th Dist.; REP. BUTLER, 72nd Dist. SEN. MAYNARD, 18th Dist.; REP. URBAN, 43rd Dist. REP. RITTER E., 38th Dist.; REP. WRIGHT E., 41st Dist. REP. DILLON, 92nd Dist.; REP. DARGAN, 115th Dist. REP. ESPOSITO, 116th Dist.; SEN. HARP, 10th Dist. REP. HEWETT, 39th Dist.; SEN. STILLMAN, 20th Dist.
131	135
132		-	~~Joint Favorable C/R~~
	136	+	Co-Sponsors:
133	137
134		-	FIN
	138	+	SEN. SLOSSBERG, 14th Dist.; REP. DAVIS P., 117th Dist.
	139	+
	140	+	REP. ROSE, 118th Dist.; REP. MARONEY, 119th Dist.
	141	+
	142	+	REP. MILLER L., 122nd Dist.; SEN. HARTLEY, 15th Dist.
	143	+
	144	+	SEN. MARKLEY, 16th Dist.; REP. BERGER, 73rd Dist.
	145	+
	146	+	REP. D'AMELIO, 71st Dist.; REP. NOUJAIM, 74th Dist.
	147	+
	148	+	REP. CUEVAS, 75th Dist.; REP. BUTLER, 72nd Dist.
	149	+
	150	+	SEN. MAYNARD, 18th Dist.; REP. URBAN, 43rd Dist.
	151	+
	152	+	REP. RITTER E., 38th Dist.; REP. WRIGHT E., 41st Dist.
	153	+
	154	+	REP. DILLON, 92nd Dist.; REP. DARGAN, 115th Dist.
	155	+
	156	+	REP. ESPOSITO, 116th Dist.; SEN. HARP, 10th Dist.
	157	+
	158	+	REP. HEWETT, 39th Dist.; SEN. STILLMAN, 20th Dist.
	159	+
	160	+	S.B. 527, 529, 714
	161	+
	162	+	H.B. 5014, 5016, 5393