General Assembly Proposed Bill No. 6552
January Session, 2017 LCO No. 1978
*01978*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. KLARIDES, 114th Dist. REP. CANDELORA, 86th Dist. REP. HOYDICK, 120th Dist. REP. O'DEA, 125th Dist. REP. O'NEILL, 69th Dist.
General Assembly
Proposed Bill No. 6552
January Session, 2017
LCO No. 1978
*01978*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. KLARIDES, 114th Dist.
REP. CANDELORA, 86th Dist.
REP. HOYDICK, 120th Dist.
REP. O'DEA, 125th Dist.
REP. O'NEILL, 69th Dist.
AN ACT IMPLEMENTING AN ANNUAL CAP ON BOND ISSUANCES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to implement an annual cap of $1.3 billion on bond issuances.
Statement of Purpose:
To reduce debt service by implementing an annual cap on bond issuances.