General Assembly Proposed Bill No. 5906
January Session, 2017 LCO No. 1839
*01839*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. HOYDICK, 120th Dist.
General Assembly
Proposed Bill No. 5906
January Session, 2017
LCO No. 1839
*01839*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. HOYDICK, 120th Dist.
AN ACT CONCERNING THE USE OF BUDGET RESERVE FUNDS AND UNAPPROPRIATED SURPLUS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to require that funds in the Budget Reserve Fund and any unappropriated surplus be used to pay the interest due on amounts the state borrows from the federal government for unemployment compensation benefits.
Statement of Purpose:
To eliminate future special assessments that may be imposed on businesses to pay the interest due on amounts the state borrows from the federal government for unemployment compensation benefits.