Connecticut § 7-212 Parking authorities; tax exemption; investment of funds.

Connecticut Statutes

§ 7-212 — Parking authorities; tax exemption; investment of funds.

Connecticut § 7-212

Title 7Municipalities

Ch. 100Municipal Parking Authorities

This text of Connecticut § 7-212 (Parking authorities; tax exemption; investment of funds.) 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. § 7-212 (2026).

Text

The property of any parking authority created under the authority of any general or special act shall be exempt from taxation, unless otherwise specifically provided in such general or special act or in the ordinance or resolution creating such parking authority. Any such parking authority may invest temporarily in direct obligations of the United States of America such portions of the proceeds received from the sale of bonds or other funds as is deemed available for such purpose.

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The property of any parking authority created under the authority of any general or special act shall be exempt from taxation, unless otherwise specifically provided in such general or special act or in the ordinance or resolution creating such parking authority. Any such parking authority may invest temporarily in direct obligations of the United States of America such portions of the proceeds received from the sale of bonds or other funds as is deemed available for such purpose.