Connecticut § 7-205 Financing.

Connecticut Statutes

§ 7-205 — Financing.

Connecticut § 7-205

Title 7Municipalities

Ch. 100Municipal Parking Authorities

This text of Connecticut § 7-205 (Financing.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 7-205 (2026).

Text

Such parking authority or parking division, subject to the specific authorization and approval of the legislative body, may finance the creation and establishment of parking facilities by any one, or any combination, of the following methods:

(a)General obligation bonds, including such general obligation bonds as shall mature at such time on a maturity schedule that will substantially equalize the payment of principal and interest annually;

(b)revenue bonds as provided in section 7-206;

(c)parking fees and special charges derived from the use of parking facilities;

(d)general fund appropriations;

(e)parking meter revenues; or (f) gifts, bequests, devises, grants-in-aid or otherwise.

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Such parking authority or parking division, subject to the specific authorization and approval of the legislative body, may finance the creation and establishment of parking facilities by any one, or any combination, of the following methods: (a) General obligation bonds, including such general obligation bonds as shall mature at such time on a maturity schedule that will substantially equalize the payment of principal and interest annually; (b) revenue bonds as provided in section 7-206; (c) parking fees and special charges derived from the use of parking facilities; (d) general fund appropriations; (e) parking meter revenues; or (f) gifts, bequests, devises, grants-in-aid or otherwise.

Legislative History

(1953, S. 283d; 1971, P.A. 604, S. 3.) History: 1971 act included general obligation bonds with maturity schedules which equalize principal and interest payments.