Municipal Bond Refunding Trust Act | Midpage

Collections
Connecticut General Statutes

Part IV

Municipal Bond Refunding Trust Act

3-76aShort title: Municipal Bond Refunding Trust Act.3-76bStatement of purpose and policy.3-76cDefinitions.3-76dIssuance of state special obligation bonds authorized to finance purchase of municipal refunding bonds; bond determination requisites.3-76eEffect of filing of bond determination. Limits on Treasurer's contracts.3-76fTerms of special obligation bonds determined by State Treasurer.3-76gOptional provisions to secure payment of special obligation bonds.3-76hAdditional powers of State Treasurer.3-76iForm of special obligation bonds.3-76jSpecial obligation bonds not general obligations of the state.3-76kSpecial obligation bonds as legal investments: Tax exemptions.3-76lMunicipal Refunded Bond Escrow Fund. State Treasurer's contracts re municipal accounts in fund.3-76mMunicipal Refunding Trust Fund. Required reserve. General Fund appropriations.3-76nValidity of pledges.3-76oState pledges to holders of special obligation bonds.3-76pPrincipal amounts of special obligation bonds not part of state indebtedness.3-76qDefault by state, remedies of municipalities, holders.3-76rMunicipal refunding bonds. Requisites. Proceeds. Excluded from aggregate municipal indebtedness. Presumption re authorization.3-76sDefaults in principal or interest payments on municipal refunding bonds; remedies.