There is a newer version of the Connecticut General Statutes
2012 Connecticut General Statutes
Title 7 - Municipalities
Chapter 102 - Municipal Waterworks Systems
Section 7-237 - Sinking fund.
CT Gen Stat § 7-237 (2012) What's This?
The legislative body shall provide for the establishment, from the net revenues of such waterworks system, of a sinking fund for the payment of the bonds and interest thereon and any charges connected therewith, plus ten per cent of the amount required for such payment, as a safety margin. Any surplus from the bond proceeds over the cost of establishing the system shall be paid into said sinking fund.
(1949 Rev., S. 756.)
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