| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | ||
| 2 | 2 | ||
| 3 | 3 | LCO No. 391 1 of 1 | |
| 4 | 4 | ||
| 5 | 5 | General Assembly Proposed Bill No. 130 | |
| 6 | 6 | January Session, 2025 | |
| 7 | 7 | LCO No. 391 | |
| 8 | 8 | ||
| 9 | 9 | ||
| 10 | 10 | Referred to Committee on FINANCE, REVENUE AND | |
| 11 | 11 | BONDING | |
| 12 | 12 | ||
| 13 | 13 | ||
| 14 | 14 | Introduced by: | |
| 15 | 15 | SEN. KISSEL, 7th Dist. | |
| 16 | 16 | (By Request) | |
| 17 | 17 | ||
| 18 | 18 | ||
| 19 | 19 | ||
| 20 | 20 | ||
| 21 | 21 | AN ACT AUTHORIZING BONDS OF THE STATE TO ESTABLISH A | |
| 22 | 22 | CAPITAL LOAN PROGRAM FOR MUNICIPALITIES. | |
| 23 | 23 | Be it enacted by the Senate and House of Representatives in General | |
| 24 | 24 | Assembly convened: | |
| 25 | 25 | ||
| 26 | 26 | That the State Bond Commission be empowered to authorize the 1 | |
| 27 | 27 | issuance of bonds of the state in accordance with section 3-20 of the 2 | |
| 28 | 28 | general statutes, in principal amounts not exceeding in the aggregate 3 | |
| 29 | 29 | thirty-five million dollars for the fiscal years ending June 30, 2026, and 4 | |
| 30 | 30 | June 30, 2027, the proceeds of which shall be used by the Office of Policy 5 | |
| 31 | 31 | and Management for the purpose of establishing an interest-free capital 6 | |
| 32 | 32 | loan program, to be known as the "Connecticut Bond Bank" for 7 | |
| 33 | 33 | municipalities to fund infrastructure projects. 8 | |
| 34 | 34 | Statement of Purpose: | |
| 35 | 35 | To establish an interest-free capital loan program that allows small | |
| 36 | 36 | municipalities with a high credit rating to access tax-exempt capital | |
| 37 | 37 | through the state for infrastructure projects. |