Connecticut § 7-576 Referral of tier II municipality to Municipal Finance Advisory Commission. Three-year financial plan. Monthly reports.

Connecticut Statutes

§ 7-576 — Referral of tier II municipality to Municipal Finance Advisory Commission. Three-year financial plan. Monthly reports.

Connecticut § 7-576

Title 7Municipalities

Ch. 117Municipal Deficit Financing

This text of Connecticut § 7-576 (Referral of tier II municipality to Municipal Finance Advisory Commission. Three-year financial plan. Monthly reports.) 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. § 7-576 (2026).

Text

Each tier II certified municipality shall work with and report to the Municipal Finance Advisory Commission as provided for in this section. The secretary shall refer to the Municipal Finance Advisory Commission any tier II certified municipality for the purpose of improving the fiscal condition of such municipality. Such municipality shall prepare and present to the Municipal Finance Advisory Commission for its review and approval a three-year financial plan and monthly financial report in the manner prescribed by the Municipal Finance Advisory Commission. In addition, in preparing and adopting its annual budgets, such municipality shall include assumptions respecting state revenues and property tax revenues as approved by the Municipal Finance Advisory Commission. The Municipal Finance A

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Each tier II certified municipality shall work with and report to the Municipal Finance Advisory Commission as provided for in this section. The secretary shall refer to the Municipal Finance Advisory Commission any tier II certified municipality for the purpose of improving the fiscal condition of such municipality. Such municipality shall prepare and present to the Municipal Finance Advisory Commission for its review and approval a three-year financial plan and monthly financial report in the manner prescribed by the Municipal Finance Advisory Commission. In addition, in preparing and adopting its annual budgets, such municipality shall include assumptions respecting state revenues and property tax revenues as approved by the Municipal Finance Advisory Commission. The Municipal Finance Advisory Commission shall approve or disapprove all obligations issued by a tier II certified municipality pursuant to section 7-575 and this section, provided it shall only approve such obligations which in its judgment improve the financial condition of such municipality.

Legislative History

(P.A. 93-421, S. 18, 22; June Sp. Sess. P.A. 17-2, S. 365.) History: P.A. 93-421 effective July 1, 1993; June Sp. Sess. P.A. 17-2 replaced references to tier II municipality with references to certified tier II municipality, and made a technical change, effective October 31, 2017.