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