Conn. Gen. Stat. § 15-31j

(a) The State Bond Commission shall authorize the issuance of bonds of the state, in accordance with the provisions of section 3-20 , in principal amounts not exceeding in the aggregate twenty-five million dollars for the Connecticut Port Authority established pursuant to section 15-31a . The amount authorized for the issuance and sale of such bonds in each of the following fiscal years shall not exceed the following corresponding amount for each such fiscal year, provided, to the extent the authority does not provide for the use of all or a portion of such amount in any such fiscal year, such amount not provided for shall be carried forward and added to the authorized amount for the next succeeding fiscal year, and, provided further, the costs of issuance and capitalized interest, if any, may be added to the capped amount in each fiscal year, and each of the authorized amounts shall be effective on July first of the fiscal year indicated as follows: