Connecticut 2015 2015 Regular Session

Connecticut House Bill HB05857 Introduced / Bill

Filed 01/20/2015

                    General Assembly  Proposed Bill No. 5857
January Session, 2015  LCO No. 1465
 *01465*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
REP. DEVLIN, 134th Dist.

General Assembly

Proposed Bill No. 5857 

January Session, 2015

LCO No. 1465

*01465*

Referred to Committee on LABOR AND PUBLIC EMPLOYEES 

Introduced by:

REP. DEVLIN, 134th Dist.

AN ACT CONCERNING INTEREST DUE ON ADVANCES FROM THE UNEMPLOYMENT COMPENSATION ADVANCE FUND.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to direct sixty million dollars from the state's projected excess revenue to pay interest due on advances from the Unemployment Compensation Advance Fund.

Statement of Purpose: 

To create jobs, grow the state economy and provide financial relief to businesses in the state by paying down the interest due on advances from the Unemployment Compensation Advance Fund.