Connecticut § 3-16 - Temporary borrowing. Approval by Governor. Notice to committees of General Assembly.
Full text of Connecticut Connecticut General Statutes § 3-16 — Temporary borrowing. Approval by Governor. Notice to committees of General Assembly., with citation guidance and answers to common questions.
§ 3-16. Temporary borrowing. Approval by Governor. Notice to committees of General Assembly.
Sec. 3-16. Temporary borrowing. Approval by Governor. Notice to committees of General Assembly. (a) The Treasurer is authorized, subject to the approval of the Governor, to borrow such funds, from time to time, as may be necessary, and to issue the obligations of the state therefor, signed by him or her as Treasurer, which obligations shall be binding on the state and shall be redeemed by the Treasurer whenever, in his or her opinion, there are funds in the Treasury available for such purpose or not later than two years from the date of issuance, whichever is earlier.
(b) The Governor shall specify, in his or her approval of temporary borrowing undertaken pursuant to subsection (a) of this section, the dollar amount of such borrowing.
(c) Concurrently with the Governor's notice to the Treasurer of approval of such borrowing, the Governor shall provide notice of approval of such borrowing to the chairs and ranking members of the joint standing committees of the General Assembly having cognizance of matters relating to finance, revenue and bonding and appropriations.
(1949 Rev., S. 109; P.A. 11-82, S. 6.)
History: P.A. 11-82 designated existing provisions as Subsec. (a) and amended same to make technical changes and require obligations to be redeemed not later than 2 years from the date of issuance, and added Subsec. (b) re dollar amount of borrowing specified in Governor's approval and Subsec. (c) re notice to committees of General Assembly.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 3-16
What does Connecticut General Statutes § 3-16 cover?
Section 3-16 ("Temporary borrowing. Approval by Governor. Notice to committees of General Assembly.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 3-16?
A common citation format is "Connecticut General Statutes § 3-16" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 3-16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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