Connecticut § 7-366 Appropriation when reserve fund insufficient.

Connecticut Statutes

§ 7-366 — Appropriation when reserve fund insufficient.

Connecticut § 7-366

Title 7Municipalities

Ch. 108Municipal Reserve Fund

This text of Connecticut § 7-366 (Appropriation when reserve fund insufficient.) 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. § 7-366 (2026).

Text

If, in the opinion of the budget-making authority, such reserve fund is insufficient to meet the cost of any capital or nonrecurring expenditure, property tax revaluation or plan of conservation and development which it deems immediately necessary, it may, with the approval of the legislative body, authorize that an appropriation be made therefor, provided the total of such fund and the sum anticipated from a tax collected for the purposes of sections 7-360 to 7-364, inclusive, in the year following the date when such authorization is made is estimated by said budget-making authority to be sufficient to meet such expenditures. Nothing in said sections shall prohibit a municipality from supplementing said reserve fund to meet the cost of capital or nonrecurring expenditures, property tax re

Free access — add to your briefcase to read the full text and ask questions with AI

If, in the opinion of the budget-making authority, such reserve fund is insufficient to meet the cost of any capital or nonrecurring expenditure, property tax revaluation or plan of conservation and development which it deems immediately necessary, it may, with the approval of the legislative body, authorize that an appropriation be made therefor, provided the total of such fund and the sum anticipated from a tax collected for the purposes of sections 7-360 to 7-364, inclusive, in the year following the date when such authorization is made is estimated by said budget-making authority to be sufficient to meet such expenditures. Nothing in said sections shall prohibit a municipality from supplementing said reserve fund to meet the cost of capital or nonrecurring expenditures, property tax revaluation or plan of conservation and development by issuing bonds in accordance with the applicable provisions of the statutes.

Legislative History

(1949 Rev., S. 799; P.A. 15-229, S. 4; P.A. 16-180, S. 5.) History: P.A. 15-229 added references to property tax revaluation cost; P.A. 16-180 added references to plan of conservation and development.