™Your Policy Risk Impact Agent
46 chapters · 1,112 sections in this title.
Conn. Gen. Stat. § 7-359 Definitions.
0.6K chars
Sec. 7-359. Definitions. When used in this chapter, “municipality” means any town, city or borough, whether consolidated or unconsolidated, and any fire district, and “budget-making authority”, as applied to towns, cities and boroughs, whether consolidated or unconsolidated, havi…
Conn. Gen. Stat. § 7-360 Creation of fund.
0.9K chars
Sec. 7-360. Creation of fund. Upon the recommendation and approval of the budget-making authority, the legislative body of any municipality, by a majority vote, may create a reserve fund for capital and nonrecurring expenditures, costs associated with a property tax revaluation a…
Conn. Gen. Stat. § 7-361 Procurement of fund.
1.0K chars
Sec. 7-361. Procurement of fund. Upon the recommendation of the budget-making authority and approval by the legislative body, there shall be paid into such reserve fund (a) amounts authorized to be transferred thereto from the general fund cash surplus available at the end of any…
Conn. Gen. Stat. § 7-362 Investment of fund.
0.8K chars
Sec. 7-362. Investment of fund. The budget-making authority may, from time to time, direct the treasurer to invest, such portion of such fund as in its opinion is advisable, provided: (1) Not more than thirty-one per cent of the total amount invested shall be invested in equity s…
