Conn. Gen. Stat. ch. 114 – Connecticut City and Town Development Act | Midpage

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Connecticut General Statutes

Chapter 114

Conn. Gen. Stat. ch. 114

Connecticut City and Town Development Act

7-480Short title.7-481Declaration of legislative policy.7-482Definitions.7-483Powers granted to municipalities.7-484Actions to be undertaken by means of separate resolutions.7-485Required municipal findings and determinations. Discretionary referendum.7-486Delegation of powers.7-487Laws governing city and town development.7-488Power of municipality to make loans.7-489Sale, lease, disposition and use of development property.7-490Imposition and collection of facility charges.7-491Issuance of notes and bonds.7-492Capital reserve fund established. Petition. Referendum.7-493Bonds and notes to be special obligation of municipality. Applicability of statutory debt limitation.7-494Municipal moneys to be deposited in separate accounts. Annual audits.7-495Municipal default or noncompliance. Appointment of trustee.7-496Notes and bonds made securities.7-497Income from notes and bonds tax-exempt; exception.7-498Development property may be tax-exempt.7-499Agreement with bond holders.7-500Exclusive procedure for issuance of bonds.7-501Competitive or public bidding requirements.7-502Applicability of payment bond, prevailing wage and other employee benefit laws.7-503Chapter grants no authority for municipality to acquire, own, develop or improve real property outside its borders.