There is established an account to be known as the “select payment in lieu of taxes account” which shall be a separate, nonlapsing account within the General Fund. The account shall contain any moneys required by law to be deposited in the account. Moneys in the account shall be expended by the Office of Policy and Management for the purposes of making select grants to municipalities and districts for payments in lieu of taxes as provided for in subdivision (1) of subsection (e) of section 12-18b, subparagraphs (B) and (C) of subdivision (2) of subsection (e) of section 12-18b, subdivision (3) of subsection (e) of section 12-18b and for any other purpose expressly provided by law.
(P.A. 15-244, S. 184; P.A. 16-146, S. 2; May Sp. Sess. P.A. 16-3, S. 191.)
History: P.A. 15-244 effective July 1, 2016; P.A. 16-146 replaced reference to Subsec. (d) of section with reference to Sec. 12-18b(d)(2), effective July 1, 2016; May Sp. Sess. P.A. 16-3 replaced reference to Subsec. (d) of section with reference to Sec. 12-18b(e)(1), replaced reference to Sec. 12-18b(e)(1)(B) and (C) with reference to Sec. 12-18b(e)(2)(B) and (C), and reference to Sec. 12-18b(e)(2) with reference to Sec. 12-18b(e)(3), and added “and for any other purpose expressly provided by law”, effective July 1, 2016.