Connecticut § 8-313 State pledge not to prevent municipalities from fulfilling agreements with holders of bonds and notes.

Connecticut Statutes

§ 8-313 — State pledge not to prevent municipalities from fulfilling agreements with holders of bonds and notes.

Connecticut § 8-313

Title 8Zoning, Planning, Housing and Economic and Community Development

Ch. 137aMunicipal Housing Finance Assistance Act

This text of Connecticut § 8-313 (State pledge not to prevent municipalities from fulfilling agreements with holders of bonds and notes.) 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. § 8-313 (2026).

Text

The state does hereby pledge to and agree with the holders of any notes or bonds that the state will not limit or alter the rights hereby vested in the municipality to fulfill the terms of any agreements made with said holder thereof, or in any way impair the rights and remedies of such holders until such notes and bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. Municipalities are authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.

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The state does hereby pledge to and agree with the holders of any notes or bonds that the state will not limit or alter the rights hereby vested in the municipality to fulfill the terms of any agreements made with said holder thereof, or in any way impair the rights and remedies of such holders until such notes and bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged. Municipalities are authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.