Bill
Bill > HJ00004
CT HJ00004
CT HJ00004Resolution Proposing A State Constitutional Amendment Concerning The Volatility Cap.
summary
Introduced
01/14/2025
01/14/2025
In Committee
01/14/2025
01/14/2025
Crossed Over
Passed
Dead
06/04/2025
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)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HJ00004&which_year=2025 |
| BillText | https://www.cga.ct.gov/2025/TOB/H/PDF/2025HJ-00004-R00-HB.PDF |
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