Conn. Gen. Stat. ch. 109 – Municipal Bond Issues | Midpage

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Connecticut General Statutes

Chapter 109

Conn. Gen. Stat. ch. 109

Municipal Bond Issues

7-369Authority to issue bonds.7-369aIssuance of bonds subject to federal income taxes.7-369bRepresentations and agreements to ensure desired federal income tax treatment of municipal debt obligations.7-370Manner of issuance.7-370aInterest rate not limited.7-370bAuthority to establish credit facilities.7-370cAuthority to issue refunding bonds for payment, funding or refunding of bonds, notes or other obligations previously issued.7-371Form of bonds.7-371aSale of municipal bonds by negotiation. Consolidated maturity schedule.7-372Issuing of bonds by beach associations and similar subdivisions.7-373Banks to certify municipal bonds. Disbursing agent.7-374Bonded indebtedness of municipalities.7-374aPrior debt limitation not reduced.7-374bIssuance of debt obligations for funding of judgments, property or casualty losses and costs of municipal projects to abate deleterious conditions re residential building concrete foundations.7-374cMunicipal pension deficit funding bonds.7-374dMunicipal issue of pension deficit funding bonds or temporary notes in anticipation of receipt of proceeds.7-376Redemption of outstanding bonds.7-377Redemption of bonds before maturity.7-377aDestruction of bonds and notes after payment or transfer of ownership.7-378Anticipation notes.7-378aRenewal of temporary notes.7-378bTemporary notes re bonds for sewer project with commitment for state or federal grant.7-378cEffective date of Secs. 7-378a and 7-378b.7-378dAppropriations for retirement of notes on school projects. Net cost of project.7-378eExtended time for renewal of temporary notes.7-378fRenewal of temporary notes to finance sewers in town without an operating system connected to treatment plant.7-378gRenewal of temporary notes issued by town to finance water filtration, supply or distribution facilities, a resources recovery facility or an incinerator.7-379Issuance of bonds and notes for dire emergencies.7-380Facsimile signatures. Manual signature requirements.7-380aAssumption of liability by municipality for employees providing information pertaining to issuance of bonds or notes.7-380bIssuance of bonds, notes or other obligations authorized before June 23, 1993.7-380cMaturity date for bonds issued for water, waste or community facilities. Maturity date for bonds issued for school building projects.