GENERAL MEMORANDUM Implementation of Public Act 88-258, an Act Concerning the Establishment of a Tax-Exempt Bond Proceeds Fund (TEBPF)
COMPTROLLER'S SEAL STATE OF CONNECTICUT
STATE OF CONNECTICUT
NANCY WYMAN
COMPTROLLER		 OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775		 MARK OJAKIAN
DEPUTY COMPTROLLER

GENERAL MEMORANDUM

November 30, 1988

TO: All Applicable State Agencies
FROM: Francisco L. Borges, State Treasurer
J. Edward Caldwell, State Comptroller
Anthony V. Milano, Secretary, OPM
SUBJECT: Implementation of Public Act 88-258, an Act Concerning the Establishment of a Tax-Exempt Bond Proceeds Fund (TEBPF)

TABLE OF CONTENTS

  1. The Tax-Exempt Bond Proceeds Fund
  2. Basic TEBPF Requirements
  3. Definition of "Project" for purposes of the TEBPF and the OPM Capital Budget System
  4. Project Numbering
  5. Procedure for Establishment of Project Numbering for All Bond-Funded Grant and Loan Programs
  6. Establishment of Project Accounts
  7. Payment Procedure
  8. Noncompliance with TEBPF Requirements
  9. Modification of Grant and Loan Contracts
  10. General

ATTACHMENTS

  1. Example of Project Identification - Housing
  2. Example of Project Identification - Education
  3. Form to List Programs to be deposited in TEBPF
  4. Form to List Programs Not to be deposited in TEBPF
  5. Form to List Project Identifications
  6. TEBPF Journal
  7. Sample of CO-19, Batch Header

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