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Connecticut's State Bonding Process & Restrictions


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 brief provides an overview of the existing restrictions on the Connecticut general obligation bonding process, and the additions to these restrictions contained in the biennial budget for fiscal years 2018-19 (Conn Acts 17-2 (June Special Session)), which was signed into law by Governor Dannel Malloy on October 31, 2017.


Connecticut School Finance Project. (2018). Connecticut's State Bonding Process & Restrictions. New Haven, CT: Author. Retrieved from http://ctstatefinance.org/assets/uploads/images/CTs-Bonding-Process-Restrictions.pdf.

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