Sec. 17b-735. (Formerly Sec. 17-593). Bonds for grants for child care facilities. - Connecticut Statutes

      Sec. 17b-735. (Formerly Sec. 17-593). Bonds for grants for child care facilities. (a) For the purposes described in section 17b-734 and for the payment of any administrative expenses of the Department of Social Services related thereto the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds of the state in one or more series and principal amounts not exceeding in the aggregate six million twenty-four thousand seven hundred ninety-eight dollars, provided one million dollars of said authorization shall be effective July 1, 2000.

      (b) All provisions of section 3-20, or the exercise of any right or power granted thereby which are not inconsistent with the provisions of sections 17b-734 to 17b-736, inclusive, are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to said sections, 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 sections 17b-734 to 17b-736, inclusive, 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.

      (P.A. 84-443, S. 15, 20; P.A. 85-558, S. 12, 17; P.A. 86-396, S. 17, 25; P.A. 87-405, S. 16, 26; P.A. 88-343, S. 10, 32; P.A. 89-331, S. 17, 30; P.A. 90-297, S. 8, 24; May Sp. Sess. P.A. 92-7, S. 11, 36; P.A. 93-262, S. 1, 87; June Sp. Sess. P.A. 93-1, S. 24, 45; P.A. 99-241, S. 11, 66; June Sp. Sess. P.A. 05-5, S. 8.)

      History: P.A. 85-558 increased the bond authorization limit from $350,000 to $450,000; P.A. 86-396 increased bond authorization to $950,000; P.A. 87-405 increased the bond authorization to $1,325,000; P.A. 88-343 increased the bond authorization to $3,325,000; P.A. 89-331 increased the bond authorization to $4,325,000; P.A. 90-297 decreased the bond authorization to $4,275,000; Sec. 17-31y transferred to Sec. 17-593 in 1991; May Sp. Sess. P.A. 92-7 amended Subsec. (a) to increase the bond authorization to $5,275,000 and amended Subsec. (b) to provide for the signing of the request for authorization by the secretary of the office of policy and management rather than the commissioner of human resources; P.A. 93-262 authorized substitution of commissioner and department of social services for commissioner and department of human resources, effective July 1, 1993; June Sp. Sess. P.A. 93-1 amended Subsec. (a) to increase bond authorization from $5,275,000 to $5,775,000, effective July 1, 1993; Sec. 17-593 transferred to Sec. 17b-735 in 1995; P.A. 99-241 amended Subsec. (a) to increase authorization to $7,775,000, effective July 1, 1999, provided $1,000,000 is effective July 1, 2000; June Sp. Sess. P.A. 05-5 amended Subsec. (a) to decrease the aggregate authorization to $6,024,798, effective July 1, 2005.