Connecticut § 7-479s Municipal Liability Trust Fund. Purposes. Moneys in fund.

Connecticut Statutes

§ 7-479s — Municipal Liability Trust Fund. Purposes. Moneys in fund.

Connecticut·Title 7 Municipalities·Ch. 113b Municipal Liability Trust Fund

(a)There is established a fund to be known as the “Municipal Liability Trust Fund”. The purpose of the Municipal Liability Trust Fund shall be to:

(1)Help assure the availability of liability coverage for municipalities, (2) improve municipal loss control activities and (3) facilitate pooling of municipal efforts to accomplish these purposes. The fund shall contain any moneys required by law to be deposited in the fund and shall be held in trust separate and apart from all other moneys, funds and accounts. Investment earnings credited to the assets of said fund shall become part of the assets of said fund. Any balance remaining in said fund at the end of any fiscal year shall be carried forward in said fund for the fiscal year next succeeding.

(b)As used in this chapter, “municipality”

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(a) There is established a fund to be known as the “Municipal Liability Trust Fund”. The purpose of the Municipal Liability Trust Fund shall be to: (1) Help assure the availability of liability coverage for municipalities, (2) improve municipal loss control activities and (3) facilitate pooling of municipal efforts to accomplish these purposes. The fund shall contain any moneys required by law to be deposited in the fund and shall be held in trust separate and apart from all other moneys, funds and accounts. Investment earnings credited to the assets of said fund shall become part of the assets of said fund. Any balance remaining in said fund at the end of any fiscal year shall be carried forward in said fund for the fiscal year next succeeding. (b) As used in this chapter, “municipality” means any town, city, borough, consolidated town and city or consolidated town and borough.

Connecticut § 7-479s (Municipal Liability Trust Fund. Purposes. Moneys in fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.