OLR Bill Analysis

SB 835 (as amended by Senate "A")*

AN ACT CONCERNING THE AUTHORIZATION OF BONDS OF THE STATE FOR CAPITAL RESURFACING AND RELATED RECONSTRUCTION PROJECTS .

SUMMARY:

This bill authorizes up to $ 64. 1 million in special tax obligation bonds for use by the Department of Transportation's Bureau of Engineering and Highway Operations for capital resurfacing and related road reconstruction projects. The bonds are payable from the Special Transportation Fund and are subject to the regular issuance procedures for such bonds.

*Senate Amendment “A” changes the bill's effective date from May 1, 2009 to upon passage.

EFFECTIVE DATE: Upon passage

COMMITTEE ACTION

Finance, Revenue and Bonding Committee

Joint Favorable