There is a newer version of the Connecticut General Statutes
2009 Connecticut Code
Title 7 Municipalities
Chapter 108 Municipal Reserve Fund
Sec. 7-367. Amount of fund not to exceed current tax levy.
Sec. 7-367. Amount of fund not to exceed current tax levy. No payments shall
be made to the reserve fund as provided for in section 7-361 which will cause the amount
of such fund to exceed the current tax levy of the municipality, except for the addition
of interest and dividends earned by such fund except in the case of any fire district or
consolidated or unconsolidated borough, no such payments shall be made which will
cause the amount of such fund to exceed three times the current tax levy of such fire
district or borough excluding the addition of interest and dividends earned by such fund.(1949, Rev., S. 800; 1971, P.A. 716; P.A. 99-205, S. 1, 2.)
History: 1971 act added exception concerning fire districts; P.A. 99-205 added exception concerning consolidated or unconsolidated boroughs, effective July 1, 1999.
Disclaimer: These codes may not be the most recent version. Connecticut may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
