LCO No. 4760 1 of 2
General Assembly Raised Bill No. 949
January Session, 2019
LCO No. 4760
Referred to Committee on VETERANS' AFFAIRS
Introduced by:
(VA)
AN ACT AUTHORIZING B ONDS OF THE STATE FOR THE HARRY
RUFFIN, JR. AMERICAN LEGION POST 206.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (Effective July 1, 2019) (a) For the purposes described in 1
subsection (b) of this section, the State Bond Commission shall have 2
the power from time to time to authorize the issuance of bonds of the 3
state in one or more series and in principal amounts not exceeding in 4
the aggregate two million seven hundred thousand dollars. 5
(b) The proceeds of the sale of such bonds, to the extent of the 6
amount stated in subsection (a) of this section, shall be used by the 7
Department of Veterans Affairs for the purpose of providing a grant-8
in-aid to the American Legion, Harry Ruffin, Jr. Post 206, for veterans 9
programming, a small business incubator space and a veterans 10
community center in the city of Middletown. 11
(c) All provisions of section 3-20 of the general statutes, or the 12
exercise of any right or power granted thereby, that are not 13
inconsistent with the provisions of this section are hereby adopted and 14 Raised Bill No. 949
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shall apply to all bonds authorized by the State Bond Commission 15
pursuant to this section. Temporary notes in anticipation of the money 16
to be derived from the sale of any such bonds so authorized may be 17
issued in accordance with section 3-20 of the general statutes and from 18
time to time renewed. Such bonds shall mature at such time or times 19
not exceeding twenty years from their respective dates as may be 20
provided in or pursuant to the resolution or resolutions of the State 21
Bond Commission authorizing such bonds. None of such bonds shall 22
be authorized except upon a finding by the State Bond Commission 23
that there has been filed with it a request for such authorization that is 24
signed by or on behalf of the Secretary of the Office of Policy and 25
Management and states such terms and conditions as said commission, 26
in its discretion, may require. Such bonds issued pursuant to this 27
section shall be general obligations of the state and the full faith and 28
credit of the state of Connecticut are pledged for the payment of the 29
principal of and interest on such bonds as the same become due, and 30
accordingly and as part of the contract of the state with the holders of 31
such bonds, appropriation of all amounts necessary for punctual 32
payment of such principal and interest is hereby made, and the State 33
Treasurer shall pay such principal and interest as the same become 34
due. 35
This act shall take effect as follows and shall amend the following
sections:
Section 1 July 1, 2019 New section
Statement of Purpose:
To provide funding for the Harry Ruffin, Jr. American Legion Post 206.
[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.]