General Assembly Proposed Bill No. 5109
February Session, 2014 LCO No. 908
Referred to Committee on APPROPRIATIONS
Introduced by:
REP. FLEXER, 44th Dist. REP. ROJAS, 9th Dist.
General Assembly
Proposed Bill No. 5109
February Session, 2014
LCO No. 908
Referred to Committee on APPROPRIATIONS
Introduced by:
REP. FLEXER, 44th Dist.
REP. ROJAS, 9th Dist.
AN ACT CONCERNING THE BUDGET RESERVE FUND.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 4-30a of the general statutes be amended to increase the amount of surplus transferred into the Budget Reserve Fund from the current maximum of ten per cent of General Fund appropriations to a maximum of twenty per cent.
Statement of Purpose:
To increase the cap on the Rainy Day Fund from ten per cent to twenty per cent of General Fund appropriations.