2005 Connecticut Code - Sec. 8-71. Payments in lieu of taxes, assessments and use charges.
Sec. 8-71. Payments in lieu of taxes, assessments and use charges. In lieu of real
property taxes, special benefit assessments and sewerage system use charges otherwise
payable to such municipality, except in such municipalities as, by special act or charter,
on May 20, 1957, had a sewer use charge, an authority shall pay each year to the municipality in which any of its moderate rental housing projects or rental or quasi-ownership
units of housing developments receiving financial assistance pursuant to section 8-433
are located a sum to be determined by the municipality, with the approval of the Commissioner of Economic and Community Development, not in excess of twelve and one-half per cent of the shelter rent per annum for each occupied dwelling unit in any such
housing project and each occupied rental or quasi-ownership unit in any such housing
development; except that the amount of such payment shall not be so limited in any
case where funds are made available for such payment by an agency or department of
the United States government, but no payment shall exceed the amount of taxes which
would be paid on the property were the property not exempt from taxation.
History: 1963 act changed maximum to be paid from a sum not in excess of ten per cent of the shelter rent per annum to a sum not in excess of twelve and one-half per cent; 1967 act substituted commissioner of community affairs for public works commissioner; P.A. 76-67 added exception to twelve and one-half per cent limit in cases where federal funds available and provided that no payment exceed amount of taxes due were property not tax-exempt; P.A. 77-614 substituted department of economic development for commissioner of community affairs, effective January 1, 1979; P.A. 78-303 substituted commissioner for department; P.A. 79-598 substituted commissioner of housing for commissioner of economic development; P.A. 93-309 added provision requiring payments be made for rental or quasi-ownership units of housing development receiving financial assistance under Sec. 8-433, effective July 1, 1993; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Housing with Commissioner and Department of Economic and Community Development.
Cited. 214 C. 505, 507.
Cited. 12 CA 499, 506, 507.