Connecticut Seal

General Assembly

Amendment

 

January Session, 2011

LCO No. 8555

   
 

*HB0665208555HRO*

Offered by:

 

REP. CAFERO, 142nd Dist.

REP. KLARIDES, 114th Dist.

REP. CANDELORA, 86th Dist.

 

To: House Bill No. 6652

File No.

Cal. No.

Strike line T424 in its entirety

In line T1093, strike "565,145,867" and insert in lieu thereof "527,345,867"

In line T1093, strike "614,094,650" and insert in lieu thereof "578,294,650"

In line T1103, adjust TOTAL - GENERAL FUND for each annual period accordingly

In line T1118, adjust NET - GENERAL FUND for each annual period accordingly

After the last section, add the following and renumber sections and internal references accordingly:

"Sec. 501. (NEW) (Effective from passage) (a) Notwithstanding the provisions of section 9-750 of the general statutes, on and after the effective date of this section, (1) no funds received by the State Treasurer under part III of chapter 32 of the general statutes and deposited in the General Fund shall be credited to the Citizens' Election Fund established in section 9-701 of the general statutes, and (2) no revenues from the tax imposed under chapter 208 of the general statutes shall be deposited in the Citizens' Election Fund.

(b) Notwithstanding the provisions of chapter 157 of the general statutes, no grants shall be paid from the Citizens' Election Fund.

Sec. 502. (Effective from passage) Notwithstanding the provisions of section 9-701 of the general statutes, on or after July 1, 2011, any funds remaining on June 30, 2011, in the Citizens' Election Fund established in section 9-701 of the general statutes shall be transferred from said fund and credited to the resources of the General Fund for the fiscal year ending June 30, 2012.

Sec. 503. Section 3-69a of the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):

(a) (1) For the fiscal year ending June 30, 2005, the funds received under this part, excluding the proceeds from the sale of property deposited in the Special Abandoned Property Fund in accordance with section 3-62h, shall be deposited in the General Fund.

(2) For the fiscal year ending June 30, 2006, [and each fiscal year thereafter] to the fiscal year ending June 30, 2011, inclusive, a portion of the funds received under this part shall, upon deposit in the General Fund, be credited to the Citizens' Election Fund established in section 9-701 as follows: (A) For the fiscal year ending June 30, 2006, seventeen million dollars, (B) for the fiscal year ending June 30, 2007, sixteen million dollars, (C) for the fiscal year ending June 30, 2008, seventeen million three hundred thousand dollars, and (D) for the fiscal year ending June 30, 2009, [and each fiscal year thereafter] through the fiscal year ending June 30, 2011, inclusive, the amount deposited for the preceding fiscal year, adjusted in accordance with any change in the consumer price index for all urban consumers for such preceding fiscal year, as published by the United States Department of Labor, Bureau of Labor Statistics. The State Treasurer shall determine such adjusted amount not later than thirty days after the end of such preceding fiscal year.

(b) All costs incurred in the administration of this part, except as provided in section 3-62h and subsection (a) of this section, and all claims allowed under this part shall be paid from the General Fund.

Sec. 504. Section 12-284b of the general statutes is repealed. (Effective from passage and applicable to taxable years commencing on or after January 1, 2011)"