reglab/housing_qa huggingface dataset:
CT Gen Stat § 7-573 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-573 - Requirements for general obligations by tier I certified or designated municipality.

 Any tier I certified municipality or designated tier I municipality that meets the eligibility requirements of subdivisions (1) to (3), inclusive, of section 7-572, may issue general obligations with a term of more than one year which are supported by a special capital reserve fund, but not general obligations to fund a general fund deficiency, as provided in sections 7-560 to 7-579, inclusive. Any such tier I municipality shall, within the time and in the manner prescribed by written procedures adopted by the secretary, in consultation with the Treasurer: (1) Notify the secretary of its intent to issue such obligations, (2) provide the secretary with the documentation required under sections 7-560 to 7-579, inclusive, (3) establish a property tax intercept procedure and debt service payment fund in accordance with the provisions of sections 7-560 to 7-579, inclusive, and (4) comply with sections 7-569 to 7-571, inclusive. The secretary shall refer to the Municipal Finance Advisory Commission, pursuant to the provisions of section 7-395, any tier I certified municipality which notifies the secretary that it intends to issue obligations under this section.(P.A. 93-421, S. 14, 22; June Sp. Sess. P.A. 17-2, S. 361.)History: P.A. 93-421 effective July 1, 1993; June Sp. Sess. P.A. 17-2 added provisions re issuance by certified or designated tier I municipality, deleted references to Sec. 7-394b(a), replaced provision re regulations adopted by secretary with provision re written procedures adopted by secretary, added reference to tier I certified municipality re referral to Municipal Finance Authority Commission, and made technical changes, effective October 31, 2017.
CT Gen Stat § 7-574 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-574 - Application by tier II municipality to Secretary of Office of Policy and Management for certification to issue general obligations.

 Any municipality that desires to issue general obligations under section 7-575 shall apply to the secretary for certification. The secretary may certify as a tier II municipality any municipality which applies to be certified to issue a general obligation authorized by sections 7-560 to 7-579, inclusive, provided such municipality (1) has a long-term bond rating from at least one bond rating agency which is investment grade or higher, (2) is unable to obtain municipal bond insurance from any bond insurance company on reasonable terms and conditions on the date the secretary certifies such municipality, (3) has not issued a deficit obligation in the last five years, (4) has no deficit obligations outstanding, and (5) otherwise meets the standards established by the secretary. Such standards shall be established in writing by the secretary, after consulting with the Treasurer, shall provide for a level of supervision over such municipality which the secretary deems to be sufficient to minimize the risk of a draw upon the special capital reserve fund and a transfer from the state General Fund and shall be posted on the Internet web site of the Office of Policy and Management. The secretary may recertify and decertify any municipality then certified, provided the secretary shall not automatically decertify any municipality which is able to secure bond insurance after it has been certified by the secretary.(P.A. 93-421, S. 15, 22; June Sp. Sess. P.A. 17-2, S. 362.)History: P.A. 93-421 effective July 1, 1993; June Sp. Sess. P.A. 17-2 deleted reference to Sec. 7-349b(a), replaced provision re adoption of standards by regulation with provision re establishment of standards in writing, added provision re written standards to be posted on Internet web site of Office of Policy and Management, and made technical changes, effective October 31, 2017.
CT Gen Stat § 7-575 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-575 - Requirements for general obligations by certified tier II municipalities or designated tier II, III or IV municipalities. Designation as tier III municipality for issuance of deficit obligation.

 Any tier II certified municipality or any designated tier II, III or IV municipality that meets the eligibility requirements of subdivisions (1) to (5), inclusive, of section 7-574 or any designated tier IV municipality that does not meet such eligibility requirements but receives approval by the Municipal Accountability Review Board pursuant to subdivision (7) of subsection (a) of section 7-576e, may issue general obligations with a term of more than one year which are supported by a special capital reserve fund, including general obligations to fund a deficit, as provided in sections 7-560 to 7-579, inclusive, provided no municipality shall issue an obligation with a term of more than one year to fund a projected fiscal year deficit. Any such certified or designated tier II municipality shall, within the time and in the manner prescribed by written standards established by the secretary, after consulting with the Treasurer: (1) Notify the secretary of its intent to issue such obligations, (2) provide the secretary with the documentation required under sections 7-560 to 7-579, inclusive, (3) establish a property tax intercept procedure and debt service payment fund in accordance with the provisions of sections 7-560 to 7-579, inclusive, and (4) comply with sections 7-569 to 7-571, inclusive. The secretary shall refer to the Municipal Finance Advisory Commission, pursuant to the provisions of section 7-395, any certified tier II municipality which notifies the secretary that it intends to issue obligations under this section. A municipality that issues a deficit obligation pursuant to this section shall be a designated tier III municipality.(P.A. 93-421, S. 17, 22; June Sp. Sess. P.A. 17-2, S. 364.)History: P.A. 93-421 effective July 1, 1993; June Sp. Sess. P.A. 17-2 added provision re issuance of obligations by certified tier II municipality or designated tier II, III or IV municipality, deleted references to Sec. 7-394b(a), added references to certified or designated tier II municipality, replaced provision re establishing standards by regulation with provision re establishing written standards, added provision re municipality that issues deficit obligation to be designated tier III municipality, and made technical changes, effective October 31, 2017.
CT Gen Stat § 7-576 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-576 - Referral of tier II municipality to Municipal Finance Advisory Commission. Three-year financial plan. Monthly reports.

 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.(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.
CT Gen Stat § 7-576a (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-576a - Application by municipality to Secretary of Office of Policy and Management for designation as tier I municipality. Conditions. Referral to Municipal Finance Advisory Commission.

 (a) The chief elected official of a municipality may apply to the secretary to request designation as a tier I municipality if any of the following conditions exist: (1) The municipality has no bond rating, or its highest bond rating is A or above, provided the municipality has no rating that is not investment grade, receives less than thirty per cent of its current fiscal year general fund budget revenues in the form of municipal aid from the state, has a positive fund balance percentage, and has a municipal revenue increase in fiscal year ending June 30, 2018, as a per cent of revenues of two per cent or more, (2) the municipality has no bond rating or its highest bond rating is A, provided the municipality has no rating that is not investment grade, receives less than thirty per cent of its current fiscal year general fund budget revenues in the form of municipal aid from the state, and had a positive fund balance percentage of less than five per cent, or (3) the municipality's highest bond rating is AA or above, provided the municipality has no rating that is not investment grade, receives thirty per cent or more of its current fiscal year general fund budget revenues in the form of municipal aid from the state, has an equalized mill rate of less than thirty, has a positive fund balance percentage, and has a municipal revenue increase in the fiscal year ending June 30, 2018, as a per cent of revenues of two per cent or more.(b) The secretary shall refer any municipality which has requested designation as a tier I municipality to the Municipal Finance Advisory Commission, pursuant to the provisions of section 7-395. In addition to the requirements of section 7-394b, such municipality shall prepare and present a three-year financial plan to the Municipal Finance Advisory Commission for its review and approval.(June Sp. Sess. P.A. 17-2, S. 360.)History: June Sp. Sess. P.A. 17-2 effective October 31, 2017.
CT Gen Stat § 7-576f (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-576f - Retention of designation as tier I or II municipality. Requirements for ending designation.

 A municipality designated as a tier I municipality in accordance with section 7-576a or designated as a tier II municipality in accordance with section 7-576b shall retain such designation, notwithstanding any positive changes in the factors leading to its current designation, or until, in the fiscal years following such designation, (1) there have been no annual operating budgetary deficits in the general fund of the municipality for two consecutive fiscal years, (2) the municipality's bond rating has either improved or remained unchanged since its most current designation, (3) the municipality has presented and the commission or board has approved a financial plan that projects a positive unreserved fund for the three succeeding consecutive fiscal years covered by such financial plan, and (4) the municipality's audits for such consecutive fiscal years have been completed and contain no general fund deficit. Notwithstanding any other provisions of sections 7-560 to 7-575, inclusive, sections 7-568 to 7-579, inclusive, the municipality shall remain undesignated for purposes of a tier designation, unless circumstances would result in the municipality being designated as a tier numerically higher than its most recent designation.(June Sp. Sess. P.A. 17-2, S. 369.)History: June Sp. Sess. P.A. 17-2 effective October 31, 2017.
CT Gen Stat § 7-576g (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-576g - Retention of designation as tier III or IV municipality. Requirements for ending designation.

 (a) A municipality designated as a tier III municipality in accordance with section 7-576c or designated as a tier IV municipality in accordance with section 7-576e shall retain such designation, notwithstanding any positive changes in the factors leading to its current designation, or until, in the fiscal years following its most current designation: (1) There have been no annual operating budgetary deficits in the general fund of the municipality for three consecutive fiscal years, (2) the municipality's bond rating has either improved or remained unchanged since its most current designation, provided it has no bond ratings that are below investment grade, (3) the municipality has presented and the board has approved a financial plan that projects a positive unreserved fund balance for the three succeeding consecutive fiscal years covered by such financial plan, and (4) the audits for the aforementioned consecutive fiscal years have been completed and contain no general fund deficit. The board may give consideration to the fiscal year preceding the municipality's designation in determining the number of sufficient fiscal years pursuant to subdivision (1) of this subsection.(b) Notwithstanding any other provisions of sections 7-560 to 7-565, inclusive, sections 7-568 to 7-579, inclusive, the municipality shall remain undesignated for purposes of a tier designation, unless it has an annual operating budgetary deficit in its general fund equal to one per cent or more of its most recently completed annual general fund budget or if it experiences an annual operating budgetary deficit in its general fund in consecutive years of any amount or if it has one or more bond ratings that are below investment grade.(June Sp. Sess. P.A. 17-2, S. 371.)History: June Sp. Sess. P.A. 17-2 effective October 31, 2017.
CT Gen Stat § 7-576h (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-576h - Property tax levy by tier II, III or IV municipality. Limitation. Exception.

 A designated tier IV municipality shall not enact a property tax levy in its annual budget that is more than three per cent greater than the property tax levy contained in its annual budget for the prior fiscal year. The secretary shall develop such procedures and guidelines as may be needed to assist in the implementation of such property tax levy limitation. Any designated tier II, III or IV municipality may apply to the Municipal Accountability Review Board for exceptions to such property tax levy limitation. Factors to be considered by such board in approving or disapproving such exception shall include the need to address critical matters impacting the health and welfare of the citizens, funding needed to reduce a municipality's long-term obligations and the implementation of court orders or legal settlements.(June Sp. Sess. P.A. 17-2, S. 372.)History: June Sp. Sess. P.A. 17-2 effective October 31, 2017.
CT Gen Stat § 7-576i (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-576i - Municipal Restructuring Fund. Eligibility for funds. Submission of restructuring plan. Board monitoring of use of funds. Guidance development by secretary. Board approval of budgets. Exception.

 (a) Any designated tier II, III, or IV municipality shall be eligible to receive funding from the Municipal Restructuring Fund, which fund shall be nonlapsing. A designated tier II, III or IV municipality seeking such funds shall submit, for approval by the Secretary of the Office of Policy and Management, a plan detailing its overall restructuring plan, including local actions to be taken and its proposed use of such funds. Notwithstanding section 10-262j, a municipality may, as part of such plan and in consultation with its local board of education, submit a proposed reduction in the minimum budget requirement related to its education budget. The secretary shall consult with the Commissioner of Education in approving or rejecting such proposed reduction. The secretary shall consult with the municipal accountability review board in making distribution decisions and attaching appropriate conditions thereto, including the timing of any such distributions. The distribution of such assistance funds shall be based on the relative fiscal needs of the requesting municipalities. The secretary may approve all, none or a portion of the funds requested by a municipality. In attaching conditions to such funding, the secretary shall consider the impact of such conditions on the ability of a municipality to meet legal and other obligations. The board shall monitor and report to the secretary on the use of such funds and adherence to the conditions attached thereto. The secretary shall develop and issue guidance on the (1) administration of the municipal restructuring fund, (2) criteria for participation by municipalities and requirements for plan submission, and (3) prioritization for the awarding of assistance funds pursuant to this section. Any municipality that receives funding from the municipal restructuring fund, in addition to the other responsibilities and authority given to the board with respect to designated tiers II, III and IV municipalities, shall be required to receive board approval of its annual budgets.(b) Notwithstanding the provisions of subsection (a) of this section, in making distributions from the Municipal Restructuring Fund, the board shall give immediate consideration to any municipality that shall default on debt obligations by January 1, 2018, without an immediate distribution of such funds.(June Sp. Sess. P.A. 17-2, S. 370.)History: June Sp. Sess. P.A. 17-2 effective October 31, 2017.
CT Gen Stat § 7-577 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-577 - Attorney General to apply for writ of mandamus.

 (a) The Attorney General may apply for a writ of mandamus on behalf of the Municipal Finance Advisory Commission or the Municipal Accountability Review Board, requiring any official, employee or agent of the municipality to carry out and give effect to any determination of such commission or board authorized by sections 7-560 to 7-579, inclusive, and any obligation by a municipality to repay to the state any amounts the state pays into a special capital reserve fund and compliance by a municipality with any agreements or indenture pertaining to a special capital reserve fund or tax intercept procedure or debt service payment fund related thereto. Each such application shall be filed in superior court for the judicial district of Hartford.(b) The superior court for the judicial district of Hartford may, by application of the secretary, the commission, the board or the Attorney General, enforce, by appropriate decree or process, any provisions of sections 7-560 to 7-579, inclusive, or any act or determination of the commission or board rendered pursuant to sections 7-560 to 7-579, inclusive, as applicable.(P.A. 88-230, S. 1, 12; P.A. 90-98, S. 1, 2; P.A. 93-142, S. 4, 7, 8; P.A. 93-421, S. 19, 22; P.A. 95-220, S. 4–6; June Sp. Sess. P.A. 17-2, S. 373.)History: P.A. 93-421 effective July 1, 1993 (Revisor's note: P.A. 88-230, P.A. 90-98 and P.A. 93-142 authorized substitution of “judicial district of Hartford” for “judicial district of Hartford-New Britain” in public acts of the 1993 session of the general assembly, to take effect September 1, 1996); P.A. 95-220 changed the effective date of P.A. 88-230 from September 1, 1996, to September 1, 1998, effective July 1, 1995; June Sp. Sess. P.A. 17-2 amended Subsec. (a) by replacing “commission, acting through its chairperson” with “Municipal Finance Advisory Commission or the Municipal Accountability Review Board,”, deleted references to Sec. 7-394b(a), and made technical and conforming changes, effective October 31, 2017.
CT Gen Stat § 7-578 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-578 - Municipal comprehensive economic development plan to increase tax base.

 Within one year of initial participation as a certified tier I or tier II municipality, a participating municipality may develop a comprehensive economic development plan designed to increase the tax base of the municipality to a level that will allow the municipality to provide an adequate level of municipal services. The plan shall be approved by the legislative authority of the municipality. If at any time after the comprehensive economic development plan has been completed and the municipality fails to show substantial progress in meeting the goals of the plan, the state may suspend further assistance to the municipality. The secretary, in consultation with the Commissioner of Economic and Community Development, shall evaluate the comprehensive economic development plan annually. The secretary may provide qualified staff and financial assistance to the qualifying municipality for purposes of developing a comprehensive economic development plan.(P.A. 93-421, S. 20, 22; P.A. 95-250, S. 1; P.A. 96-211, S. 1, 5, 6; June Sp. Sess. P.A. 17-2, S. 374.)History: P.A. 93-421 effective July 1, 1993; P.A. 95-250 and P.A. 96-211 replaced Commissioner and Department of Economic Development with Commissioner and Department of Economic and Community Development; June Sp. Sess. P.A. 17-2 added reference to certified tier I or tier II municipality and made a technical change, effective October 31, 2017.
CT Gen Stat § 7-579 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-579 - Definition of deficit obligation re town and city of New Haven.

 For the purposes of sections 7-560 to 7-578, inclusive, deficit obligation, as defined in section 7-560, with respect to the town and city of New Haven, means such obligation issued on or after July 1, 1993.(P.A. 93-421, S. 21, 22; P.A. 14-122, S. 76; June Sp. Sess. P.A. 17-2, S. 375.)History: P.A. 93-421 effective July 1, 1993; P.A. 14-122 made a technical change; June Sp. Sess. P.A. 17-2 deleted reference to Sec. 7-394b(a), effective October 31, 2017.
CT Gen Stat § 7-579a (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 117 - Municipal Deficit Financing|Section 7-579a - Determination of cumulative excess of expenditures and excess of estimated expenditures for certain fiscal years.

 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.