Bill

Bill > HJ00004


CT HJ00004

CT HJ00004
Resolution Proposing A State Constitutional Amendment Concerning The Volatility Cap.


summary

Introduced
01/14/2025
In Committee
01/14/2025
Crossed Over
Passed
Dead
06/04/2025

Introduced Session

2025 General Assembly

Bill Summary

RESOLUTION PROPOSING A STATE CONSTITUTIONAL AMENDMENT CONCERNING THE VOLATILITY CAP.

AI Summary

This resolution proposes an amendment to Article Third of the State Constitution to formally incorporate a legal requirement concerning revenue transfers that is currently codified in section 4-30a of the state's general statutes. The purpose of the amendment appears to be to elevate an existing statutory provision regarding revenue transfers to a constitutional level, which would provide greater legal permanence and potentially more stringent protection for the specified transfer mechanism. While the exact details of the revenue transfer are not fully elaborated in the provided text, constitutional amendments typically involve a more complex ratification process that requires approval by voters, in addition to legislative action. By moving this provision into the state constitution, the legislature seems intent on establishing a more robust and enduring framework for managing certain state revenues.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 01/14/2025)

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