There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 7 Municipalities
Chapter 105 Fire, Sewer And Other Districts
Sec. 7-329u. Payment by port authority of sums in lieu of taxes.
Sec. 7-329u. Payment by port authority of sums in lieu of taxes. Every port
authority and every municipality in which any property of the port authority is located
may enter into agreements with respect to the payment by the port authority to such
municipality of annual sums of money in lieu of taxes on such property in such amounts
as may be agreed upon between the port authority and the municipality, and each such
port authority may make, and each such municipality is empowered to accept, such
payments and to apply them in the manner in which taxes may be applied in such municipality; provided no such annual payment with respect to any parcel of such property
shall exceed the amount of taxes paid thereon for the taxable year immediately prior to
the time of its acquisition by the port authority.(P.A. 98-240, S. 21.)
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