Connecticut 2015 Regular Session

Connecticut House Bill HB05094 Compare Versions

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11 General Assembly Committee Bill No. 5094
22 January Session, 2015 LCO No. 5271
3- *_____HB05094PD_FIN032315____*
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44 Referred to Committee on PLANNING AND DEVELOPMENT
55 Introduced by:
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88 General Assembly
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1010 Committee Bill No. 5094
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1212 January Session, 2015
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1414 LCO No. 5271
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1818 Referred to Committee on PLANNING AND DEVELOPMENT
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2020 Introduced by:
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2222 (PD)
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2424 AN ACT CONCERNING THE CONSTRUCTION OF A WATER LINE IN THE TOWN OF THOMASTON.
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2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2828 Section 1. (Effective July 1, 2015) (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 ____ dollars.
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3030 (b) The proceeds of the sale of such bonds, to the extent of the amount stated in subsection (a) of this section, shall be used by the Department of Energy and Environmental Protection for the purpose of constructing a water line in the town of Thomaston on Jackson Street.
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3232 (c) All provisions of section 3-20 of the general statutes, or the exercise of any right or power granted thereby, that 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. 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 section 3-20 of the general statutes 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 such 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 that 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. Such 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 such bonds as the same become due, and accordingly and as part of the contract of the state with the holders of such 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.
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3737 This act shall take effect as follows and shall amend the following sections:
3838 Section 1 July 1, 2015 New section
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4040 This act shall take effect as follows and shall amend the following sections:
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4242 Section 1
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4444 July 1, 2015
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4646 New section
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48+Statement of Purpose:
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50+To authorize the issuance of bonds for a water line in the town of Thomaston on Jackson Street.
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52+[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.]
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50-PD Joint Favorable C/R FIN
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56+Co-Sponsors: REP. PISCOPO, 76th Dist.; SEN. MARTIN, 31st Dist.
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54-Joint Favorable C/R
58+Co-Sponsors:
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56-FIN
60+REP. PISCOPO, 76th Dist.; SEN. MARTIN, 31st Dist.
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62+H.B. 5094