2012 Connecticut General Statutes
Title 7 - Municipalities
Chapter 117 - Municipal Deficit Financing
Section 7-566 - Municipal petition to become a debtor.

CT Gen Stat § 7-566 (2012) What's This?

No municipality shall file a petition to become a debtor under Chapter 9 of Title 11 of the United States Code without the express prior written consent of the Governor. If the Governor consents to a petition, he shall submit a report to the Treasurer and the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding which sets forth the reasons for consent.

(P. A. 93-421, S. 7, 22.)

History: P.A. 93-421 effective July 1, 1993.

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