Sec. 32-142. State Bond Commission authority re private activity bonds.
104 words·~1 min read·
/ct/title-32/chapter-588c-industrial-development-bonds/32-142·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The State Bond Commission, established under section 3-20 shall have all powers and duties related to any and all matters concerning private activity bonds, as defined in section 32-140 .
(b)When the General Assembly is not in regular or special session, the State Bond Commission may, for the then existing calendar year only, in response to a recommendation from the Governor or on its own initiative, modify any private activity bond allocation established under section 32-141 upon determining that such action would be in the best interests of the state. The commission may conduct a public hearing before making any such modification.