Proposed House Joint Resolution No. 10 seeks to amend the state Constitution by incorporating specific fiscal regulations aimed at enhancing financial accountability and stability. The resolution proposes to include provisions that mandate the transfer of certain revenues as outlined in section 3-20 of the general statutes. Additionally, it aims to establish caps on General Fund and Special Transportation appropriations, as well as limits on the amount of bonds authorized by the State Bond Commission and the approvals for bond issuances and allotment requisitions.

The intent of this resolution is to create a framework of fiscal guardrails that would help manage the state's financial resources more effectively. By embedding these requirements and limitations into the Constitution, the resolution aims to ensure a more disciplined approach to state budgeting and borrowing, ultimately promoting fiscal responsibility and sustainability in the long term.