Sec. 31-391. State bonds. - Connecticut Statutes

      Sec. 31-391. State bonds. (a) All of the provisions of section 3-20 which are not inconsistent with the provisions of this chapter are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this chapter, 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 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.

      (b) 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 the Secretary of the Office of Policy and Management or by or on behalf of such state officer, department or agency and stating such terms and conditions as said commission, in its discretion, may require.

      (c) Said bonds issued pursuant to this chapter 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. 75-608, S. 6, 7; P.A. 77-614, S. 19, 610.)

      History: P.A. 77-614 replaced commissioner of finance and control with secretary of the office of policy and management.