State of Connecticut
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Office of the State Comptroller

Bond Allocation Database

 

 

Overview of the Bond Allocation Process

 

Introduction

After enabling legislation known as a Bond Authorization is enacted, agencies still need approval from the State Bond Commission in order to commit funds for specific projects. This approval is known as a "Bond Allocation" and these allocations are what the State Comptroller's Database tracks.

 

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Step 1

If a state agency wants to use bond funds for a specific project, the request must first be submitted to the Office of Policy and Management (OPM).

 

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Step 2

If OPM approves, the project is then placed on the State Bond Commission's agenda for consideration.

 

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Step 3

At its monthly meeting, the ten-member State Bond Commission reviews these agency requests and must vote to approve each project before it can move forward.

 

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Step 4

If the State Bond Commission approves the agency request, bond funds are allocated for that project.

 


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