Connecticut 2017 Regular Session

Connecticut Senate Bill SB00188 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 188
22 January Session, 2017 LCO No. 1426
33 *01426*
44 Referred to Committee on FINANCE, REVENUE AND BONDING
55 Introduced by:
66 SEN. DUFF, 25th Dist.
77
88 General Assembly
99
1010 Proposed Bill No. 188
1111
1212 January Session, 2017
1313
1414 LCO No. 1426
1515
1616 *01426*
1717
1818 Referred to Committee on FINANCE, REVENUE AND BONDING
1919
2020 Introduced by:
2121
2222 SEN. DUFF, 25th Dist.
2323
2424 AN ACT AUTHORIZING BONDS OF THE STATE FOR SOCIAL IMPACT BONDS.
2525
2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
2727
2828 That the State Bonding Commission be empowered to authorize the issuance of bonds of the state in accordance with section 3-20 of the general statutes, in principal amounts not exceeding in the aggregate ten million dollars, the proceeds of which shall be used by state agencies for the purpose of providing social impact bonds to fund social programs that lead to improved social results and are paid for by private entities that will be repaid when contractually agreed upon objectives are achieved.
2929
3030 Statement of Purpose:
3131
3232 To provide funding for social impact bonds.