Sec. 13a-239. Bond issue.
Sec. 13a-239. Bond issue. (a) The State Bond Commission shall have power, in
accordance with the provisions of sections 13a-239 to 13a-246, inclusive, from time to
time to authorize, in one or more series and in principal amounts not in the aggregate
exceeding eight million dollars, the issuance of bonds of the state for financing all or
any part of the cost of planning, designing, laying out, constructing, improving or equipping the project authorized by section 13a-32, including but not limited to costs and
expenses of right-of-way or other property acquisitions therefor or desirable in connection therewith, expenses in connection therewith for engineering, fiscal, architectural
and legal work or services, such provision for interest on money borrowed therefor
during or after construction as said commission may determine, and all administrative
and other expenses properly attributable thereto.
(b) The bonds issued pursuant to said sections 13a-239 to 13a-246, 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.
(c) All provisions of section 3-20, which are not inconsistent with the provisions
of said sections 13a-239 to 13a-246, inclusive, or the exercise of any right or power
granted hereby shall apply to all bonds authorized pursuant to said sections 13a-239 to
13a-246, inclusive.
(1961, P.A. 541, S. 2, 3, 8; 1963, P.A. 226, S. 239.)
History: 1963 act replaced previous provisions: See title history.