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Connecticut · Through Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)

Conn. Gen. Stat. § 15-31j: Bond Authorization for small harbor improvement projects.

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  1. TITLE 15. NAVIGATION AND AERONAUTICS
  2. CHAPTER 264a. CONNECTICUT PORT AUTHORITY

(a) For the purposes described in subsection (b) of this section, 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 in principal amounts not exceeding in the aggregate twenty million dollars for the Connecticut Port Authority established pursuant to section 15-31a.

(b) The proceeds of the sale of such bonds, to the extent of the amount stated in subsection (a) of this section, shall be deposited into the small harbor improvement projects account, established pursuant to section 13b-55d.

(c) All provisions of section 3-20, or the exercise of any right or power granted thereby, that are not inconsistent with the provisions of this section are hereby adopted and shall apply to all bonds authorized by the State Bond Commission pursuant to this section. 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. All bonds issued pursuant to this section 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.

Collected 2026-09-06T19:07:22Z. Source file · JSON

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