2005 Connecticut Code - Sec. 22-26hh. State bonds authorized for purposes of this chapter.
Sec. 22-26hh. State bonds authorized for purposes of this chapter. The State
Bond Commission shall have power, from time to time, to authorize the issuance of
bonds of the state in one or more series and in principal amounts not exceeding in the
aggregate eighty-nine million seven hundred fifty thousand dollars, the proceeds of
which shall be used for the purposes of section 22-26cc, provided not more than two
million dollars of said authorization shall be effective July 1, 2004, and further provided
not more than two million dollars shall be used for the purposes of section 22-26jj. All
provisions of section 3-20, or the exercise of any right or power granted thereby which
are not inconsistent with the provisions of this section are hereby adopted and shall
apply to all bonds authorized by the State Bond Commission pursuant to this section,
and temporary notes in anticipation of the money to be derived from the sale of any
such bonds so authorized may be issued in accordance with said section 3-20 and from
time to time renewed. Such bonds shall mature at such time or times not exceeding twenty
years from their respective dates as may be provided in or pursuant to the resolution or
resolutions of the State Bond Commission authorizing such bonds. None of said bonds
shall be authorized except upon a finding by the State Bond Commission that there has
been filed with it a request for such authorization, which is signed by or on behalf of
the Secretary of the Office of Policy and Management and states such terms and conditions as said commission, in its discretion, may require. Said bonds issued pursuant to
this section shall be general obligations of the state and the full faith and credit of the
state of Connecticut are pledged for the payment of the principal of and interest on said
bonds as the same become due, and accordingly and as part of the contract of the state
with the holders of said bonds, appropriation of all amounts necessary for punctual
payment of such principal and interest is hereby made, and the Treasurer shall pay such
principal and interest as the same become due.
History: P.A. 79-499 increased bond authorization from five million fifty thousand dollars to seven million fifty thousand dollars; P.A. 80-441 increased bond authorization to nine million fifty thousand dollars; P.A. 81-370 increased the aggregate of bonds the bond commission may authorize for purposes of chapter 422a from nine million fifty thousand to nine million two hundred fifty thousand dollars; P.A. 82-369 increased bond authorization from $9,250,000 to $9,750,000; June Sp. Sess. P.A. 83-33 increased bond authorization to fourteen million seven hundred fifty thousand dollars; P.A. 84-443 increased authorization limit to nineteen million seven hundred fifty thousand dollars; P.A. 84-546 made technical change, substituting reference to Sec. 22-26dd for reference to Sec. 22-210dd; P.A. 85-558 increased the bond authorization limit to twenty-two million seven hundred fifty thousand dollars; P.A. 86-396 increased bond authorization from twenty-two million seven hundred fifty thousand dollars to twenty-eight million seven hundred fifty thousand dollars; P.A. 87-405 increased the bond authorization from twenty-eight million seven hundred fifty thousand dollars to thirty-six million seven hundred fifty thousand dollars; P.A. 88-343 increased the bond authorization from thirty-six million seven hundred fifty thousand dollars to forty-four million seven hundred fifty thousand dollars; P.A. 89-331 increased the bond authorization from forty-four million seven hundred fifty thousand dollars to fifty-two million seven hundred fifty thousand dollars; P.A. 90-297 increased the bond authorization from fifty-two million seven hundred fifty thousand dollars to sixty-two million seven hundred fifty thousand dollars and required that the secretary of office of policy and management rather than agriculture commissioner sign authorization request; May Sp. Sess. P.A. 92-7 increased the bond authorization from sixty-two million seven hundred fifty thousand dollars to sixty-six million two hundred fifty thousand dollars and set forth a limit of two million dollars of that amount for Sec. 22-26jj; June Sp. Sess. P.A. 93-1 amended section to increase bond authorization from sixty-six million two hundred fifty thousand dollars to seventy-six million two hundred fifty thousand dollars, effective July 1, 1993, provided five million dollars of said authorization shall be effective July 1, 1994; P.A. 95-272 increased authorization amount from seventy-six million two hundred fifty thousand dollars to eighty-two million two hundred fifty thousand dollars, effective July 1, 1995, provided three million dollars shall be effective July 1, 1996; P.A. 96-181 decreased aggregate amount from $82,250,000 to $78,250,000 and removed proviso re amount effective July 1, 1996, effective July 1, 1996; P.A. 97-234 deleted reference to repealed Sec. 22-26ee; June 5 Sp. Sess. P.A. 97-1 increased bond authorization from seventy-eight million two hundred fifty thousand dollars to eighty million two hundred fifty thousand dollars provided one million dollars is effective July 1, 1998, effective July 31, 1997; P.A. 98-259 increased authorization from $80,250,000 to $82,750,000 provided $3,500,000 of said authorization was effective July 1, 1998, deleted proviso re use for purposes of Sec. 22-26dd and made technical change, effective July 1, 1998; P.A. 99-241 increased authorization from $82,750,000 to $83,750,000, effective July 1, 1999; P.A. 00-203 designated existing language as Subsec. (a) and added new Subsec. (b) requiring the State Bond Commission to authorize issuance of balance of bonds previously authorized but not allocated, effective June 7, 2000, and applicable to all open space land donations made on or after the income year commencing January 1, 1999; June Sp. Sess. P.A. 00-1 repealed said Subsec. (b), effective June 21, 2000; June Sp. Sess. P.A. 01-7 increased authorization from $83,750,000 to $87,750,000 provided $2,000,000 is effective July 1, 2002, effective July 1, 2001; June Sp. Sess. P.A. 01-9 changed "section 22-26dd" to "section 22-26cc", effective July 1, 2001; May Sp. Sess. P.A. 04-1 increased bond authorization to $89,750,000 and made $2,000,000 of said authorization effective July 1, 2004, effective July 1, 2004.
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