Determination of cumulative excess of expenditures and excess of estimated expenditures for certain fiscal years.

  1. Law
  2. Connecticut General Statutes
  3. Municipalities
  4. Municipal Deficit Financing
  5. Determination of cumulative excess of expenditures and excess of estimated expenditures for certain fiscal years.

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Notwithstanding the provisions of subdivision (6) of section 7-560, for purposes of determining the cumulative excess of expenditures under said subdivision for any fiscal year ending on or after July 7, 2017, and on or before June 30, 2022, such excess shall not include the impact of any refunding bonds issued pursuant to section 7-370c.

(b) Notwithstanding the provisions of subdivision (16) of section 7-560, for purposes of determining the excess of estimated expenditures under said subdivision for any fiscal year ending on or after July 7, 2017, and on or before June 30, 2022, such excess shall not include the impact of any refunding bonds issued pursuant to section 7-370c.

(P.A. 17-147, S. 50.)

History: P.A. 17-147 effective July 7, 2017.


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