Connecticut's State Bonding Process & Restrictions
Dec 13, 2018 - less than 1 minute
The State of Connecticut borrows money to fund certain projects by issuing bonds, which obligates the State to pay the principal and interest on each bond issued. The State issues two primary types of bonds: general obligation bonds and revenue bonds.
This policy briefing provides an overview of the existing restrictions on the Connecticut general obligation bonding process, the additions to these restrictions contained in the biennial budget for fiscal years 2018-19 (Conn Acts 17-2 (June Special Session)), and changes made to bonding restrictions under various public acts passed during the 2018 legislative session.
Connecticut School Finance Project. (2018). Connecticut's State Bonding Process & Restrictions. New Haven, CT: Author. Retrieved from http://ctstatefinance.org/assets/uploads/files/CTs-Bonding-Process-Restrictions.pdf.