reglab/housing_qa huggingface dataset:
CT Gen Stat § 7-342 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 106 - Town Boards of Finance|Section 7-342 - Officers. Meetings. Filing of minutes and records. Polling of members.

 Such board shall choose one of its members to be chairman thereof and shall choose a clerk. If such officers are not chosen within one month after the appointment or election of the board because of a tie vote of the members, the board of selectmen or chief executive authority of such town shall choose such officers from the membership of the board. At all meetings of the board four members shall constitute a quorum and the concurrence of three votes shall be necessary for the transaction of business. The board may hold such regular and special meetings as may be advisable at any time upon giving at least twenty-four hours' notice to each member before the time of such meeting, provided, except where otherwise provided by special act or charter, in any case involving a vote of the board on an appropriation, or a transfer within an existing appropriation, of an amount not exceeding one thousand dollars, the chairman or, in his absence, the clerk or any two members, may, in lieu of calling a meeting of the board, poll the members thereof; and the clerk shall cause to be prepared and filed with the town clerk, within two weeks, a statement of the result of such poll. Four polled members shall constitute a quorum for such purpose and a concurring vote of three such members shall be sufficient for the transaction of business. Every member so polled shall deliver, by mail or otherwise, to said clerk, within twenty-four hours after the poll, a written statement signed by him stating how he voted on the question. The clerk of the board shall issue a call for a special meeting either at the direction of the chairman of the board or upon a written request of any two members thereof. The clerk shall cause to be prepared and filed with the town clerk a copy of the minutes and records of each regular and special meeting held, within two weeks from the date of such meeting.(1949 Rev., S. 775; 1949, S. 356d; 1957, P.A. 216, S. 1; 1961, P.A. 54; 1967, P.A. 791.)History: 1961 act extended filing period from one to two weeks; 1967 act provided for polling in lieu of vote in matters concerning appropriations of $1,000 or less.
CT Gen Stat § 7-343 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 106 - Town Boards of Finance|Section 7-343 - Filling of vacancies.

 In case of a vacancy in the membership of the board of finance, unless otherwise provided by charter or special act, the remaining members of the board shall, at a special meeting called by the chairman for that purpose, by a majority vote, appoint a successor, who shall serve until the next town election and until his successor is elected and has qualified. At the next town election following the occurrence of such vacancy, the electors shall elect a successor to fill the vacancy for the unexpired portion of the term and the office to be filled shall be designated on the official ballot by the words “To fill vacancy for ....”, followed by the duration of the unexpired term.(1949 Rev., S. 776; 1953, 1955, S. 357d; 1967, P.A. 122.)History: 1967 act added phrase providing exception to procedure for filling vacancy detailed in section if other provisions made by charter or special act.See Sec. 9-1 for applicable definitions.Cited. 41 CS 267.
CT Gen Stat § 7-345 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 106 - Town Boards of Finance|Section 7-345 - Information concerning town agencies.

 Each town agency which has expended any appropriation during the past year or is requesting any appropriation for the ensuing year shall report to the board of finance such information as said board requires for its purposes under section 7-344, and said board shall, for such purposes, have access to the books and records of any such agency.(1951, S. 361d.)
CT Gen Stat § 7-346 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 106 - Town Boards of Finance|Section 7-346 - Tax may be apportioned over a period of years.

 Wherever used in this section, the phrase “recurring expenditure” means an expenditure for a purpose for which an appropriation was made in each of the three preceding fiscal years. If any expenditure, other than a recurring expenditure, authorized in the budget or by the town meeting is of so large an amount that the tax laid to pay it would make the total tax so high as, in the judgment of the board, to be inconsistent with the public welfare, the board may apportion the tax for such expenditure over a period of not more than five years, and the amount apportioned each year shall be thereafter included in the budget as a fixed charge until such time as the total amount of such expenditure has been paid. If the electors of such town, at a legal meeting held for such purpose, vote to issue bonds, the interest on such bonds and an annual appropriation for a sinking fund sufficient to pay the same at maturity shall be included in the budget as a fixed charge. The provisions of this section shall not apply to any expenditure which is to be met by the proceeds of a bond issue and which has been authorized by vote of any town at any meeting thereof. Any charter provision of any municipality authorizing the apportionment of the tax laid for any recurring expenditure over a period of years is repealed. The provisions of this section shall apply to any town having a board of finance created by special act and shall become a part of such special act upon the adoption of the provisions of this section by a town at any annual or special meeting of the electors of such town called for that purpose.(1949 Rev., S. 778.)
CT Gen Stat § 7-347 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 106 - Town Boards of Finance|Section 7-347 - May transfer unexpended balances.

 The board may transfer unexpended balances from one appropriation to another, but no amount appropriated for any purpose, whether general or special, shall be used or appropriated for any other purpose unless the same is recommended by the board.(1949 Rev., S. 779.)
CT Gen Stat § 7-349 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 106 - Town Boards of Finance|Section 7-349 - Penalty.

 Any officer who, in violation of any provision of this chapter, expends or causes to be expended any money of such town, except for the purpose of paying judgments rendered against such town, shall be liable in a civil action in the name of such town, and the amount so drawn from the treasury of such town shall be liquidated damages in such action against any such officer.(1949 Rev., S. 781.)Town, by acting specifically upon a matter, divests its officers or agents of power to contract other than in conformity to vote of town. 111 C. 516.Cited. 11 CS 215.
CT Gen Stat § 7-350 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 107 - Town Deposit Fund (Repealed)|Section 7-350 - Grant of funds.

 Section 7-350 is repealed, effective October 1, 2002.(1949 Rev., S. 782; P.A. 82-239, S. 1, 7; S.A. 02-12, S. 1.)
CT Gen Stat § 7-359 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-359 - Definitions.

 When used in this chapter, “municipality” means any town, city or borough, whether consolidated or unconsolidated, and any fire district, and “budget-making authority”, as applied to towns, cities and boroughs, whether consolidated or unconsolidated, having boards of finance or other bodies charged with preparing the budget, means the board of finance or such other body; as applied to towns having no boards of finance, means the board of selectmen; as applied to fire districts, means the district committee.(1949 Rev., S. 792; 1957, P.A. 13, S. 37.)
CT Gen Stat § 7-360 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-360 - Creation of fund.

 Upon the recommendation and approval of the budget-making authority, the legislative body of any municipality, by a majority vote, may create a reserve fund for capital and nonrecurring expenditures, costs associated with a property tax revaluation and costs associated with the preparation, amendment or adoption of a plan of conservation and development pursuant to section 8-23. Such fund shall thereafter be termed “reserve fund for capital and nonrecurring expenditures”.(1949 Rev., S. 793; P.A. 15-229, S. 2; P.A. 16-180, S. 3.)History: P.A. 15-229 added costs associated with property tax revaluation to purposes for establishing reserve fund; P.A. 16-180 added provision re costs associated with preparation, amendment or adoption of plan of conservation and development pursuant to Sec. 8-23 and made a technical change.
CT Gen Stat § 7-361 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-361 - Procurement of fund.

 Upon the recommendation of the budget-making authority and approval by the legislative body, there shall be paid into such reserve fund (a) amounts authorized to be transferred thereto from the general fund cash surplus available at the end of any fiscal year, (b) amounts raised by the annual levy of a tax not exceeding four mills for the benefit of such fund, and for no other purpose, such tax to be levied and collected in the same manner and at the same time as the regular annual taxes of the municipality or (c) surplus cash funds already held in reserve and available for such capital or nonrecurring expenditures as are contemplated by the terms of section 7-364. All money so accumulated, as hereinbefore provided, together with all interest that accrues thereon, shall be deposited in a separate bank account by the treasurer of the municipality.(1949 Rev., S. 794; P.A. 91-103.)History: P.A. 91-103 increased the maximum annual levy from two to four mills.
CT Gen Stat § 7-362 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-362 - Investment of fund.

 The budget-making authority may, from time to time, direct the treasurer to invest, such portion of such fund as in its opinion is advisable, provided: (1) Not more than thirty-one per cent of the total amount invested shall be invested in equity securities; and (2) not less than fifty per cent of the total amount invested shall be invested in the stock or bonds or interest-bearing notes or obligations of the United States, or those for which the faith of the United States is pledged to provide for the payment of the principal and interest, including the bonds of the District of Columbia.(1949 Rev., S. 795; P.A. 93-46, S. 2.)History: P.A. 93-46 amended section to clarify the portion of reserve funds which a municipality may invest in equity securities.
CT Gen Stat § 7-363 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-363 - Information re fund.

 The treasurer shall annually make available information and data on the condition of such fund to the budget-making authority and to the public and such information and data may be made a part of the annual report of the municipality.(1949 Rev., S. 796; P.A. 06-122, S. 1.)History: P.A. 06-122 replaced provision re report with requirement that information and data on fund be available to the public.
CT Gen Stat § 7-364 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-364 - Use of fund.

 Upon the recommendation of the budget-making authority and approval by the legislative body, any part or the whole of such fund may be used for (1) capital and nonrecurring expenditures, but such use shall be restricted to the financing of all or part of the planning, construction, reconstruction or acquisition of any specific capital improvement or the acquisition of any specific item of equipment, (2) costs associated with a property tax revaluation, and (3) costs associated with the preparation, amendment or adoption of a plan of conservation and development pursuant to section 8-23. Upon the approval of any such expenditure, an appropriation shall be set up, plainly designated for the project, acquisition, revaluation or plan of conservation and development for which it has been authorized, and such unexpended appropriation may be continued until such project, acquisition, revaluation or plan of conservation and development is completed. Any unexpended portion of such appropriation remaining after such completion shall revert to said reserve fund.(1949 Rev., S. 797; P.A. 15-229, S. 3; P.A. 16-180, S. 4.)History: P.A. 15-229 designated existing provision re capital and nonrecurring expenditures as Subdiv. (1), added Subdiv. (2) re costs associated with property tax revaluation as permitted use of reserve fund moneys and made conforming changes; P.A. 16-180 added Subdiv. (3) re costs associated with preparation, amendment or adoption of plan of conservation and development pursuant to Sec. 8-23 and made conforming changes.
CT Gen Stat § 7-365 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-365 - Termination of appropriation.

 If any authorized appropriation is set up pursuant to the provisions of section 7-364 and through unforeseen circumstances the completion of the project or acquisition for which such appropriation has been designated is impossible of attainment, upon recommendation of the budget-making authority and approval by the legislative body, such appropriation shall terminate and no longer be in effect.(1949 Rev., S. 798.)
CT Gen Stat § 7-366 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-366 - Appropriation when reserve fund insufficient.

 If, in the opinion of the budget-making authority, such reserve fund is insufficient to meet the cost of any capital or nonrecurring expenditure, property tax revaluation or plan of conservation and development which it deems immediately necessary, it may, with the approval of the legislative body, authorize that an appropriation be made therefor, provided the total of such fund and the sum anticipated from a tax collected for the purposes of sections 7-360 to 7-364, inclusive, in the year following the date when such authorization is made is estimated by said budget-making authority to be sufficient to meet such expenditures. Nothing in said sections shall prohibit a municipality from supplementing said reserve fund to meet the cost of capital or nonrecurring expenditures, property tax revaluation or plan of conservation and development by issuing bonds in accordance with the applicable provisions of the statutes.(1949 Rev., S. 799; P.A. 15-229, S. 4; P.A. 16-180, S. 5.)History: P.A. 15-229 added references to property tax revaluation cost; P.A. 16-180 added references to plan of conservation and development.
CT Gen Stat § 7-367 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-367 - Amount of fund not to exceed current tax levy.

 No payments shall be made to the reserve fund as provided for in section 7-361 which will cause the amount of such fund to exceed the current tax levy of the municipality, except for the addition of interest and dividends earned by such fund except in the case of any fire district or consolidated or unconsolidated borough, no such payments shall be made which will cause the amount of such fund to exceed three times the current tax levy of such fire district or borough excluding the addition of interest and dividends earned by such fund.(1949, Rev., S. 800; 1971, P.A. 716; P.A. 99-205, S. 1, 2.)History: 1971 act added exception concerning fire districts; P.A. 99-205 added exception concerning consolidated or unconsolidated boroughs, effective July 1, 1999.
CT Gen Stat § 7-368 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 108 - Municipal Reserve Fund|Section 7-368 - Discontinuance of reserve fund.

 Said reserve fund may be discontinued, after recommendation by the budget-making authority to the legislative body and upon approval of said body, and said fund shall be converted into, or added to, a sinking fund to provide for the retirement of its nonserial bonded indebtedness. If the municipality has no bonded indebtedness, such fund shall be transferred to the general fund of the municipality.(1949 Rev., S. 801.)
CT Gen Stat § 7-369a (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 109 - Municipal Bond Issues|Section 7-369a - Issuance of bonds subject to federal income taxes.

 Any municipality having the power to issue bonds or other obligations under any provision of the general statutes, or of any special act or its charter, may issue such bonds or other obligations in such form and manner that the interest on such bonds or other obligations may be includable under the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as from time to time amended, in the gross income of the holder or holders of such bonds or other obligations. Any municipality may issue such taxable bonds or other obligations only upon a finding by its selectmen or board of finance or other officers or board authorized pursuant to the general statutes, or pursuant to any special act or its charter, to determine the rate of interest which such bonds or other obligations shall bear, that the issuance of such taxable bonds or other obligations is in the public interest.(P.A. 85-163, S. 1, 2; P.A. 89-211, S. 9.)History: P.A. 89-211 clarified reference to the Internal Revenue Code of 1986.
CT Gen Stat § 7-370 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 109 - Municipal Bond Issues|Section 7-370 - Manner of issuance.

 Any municipality, as defined in section 7-369, which issues bonds, notes or other obligations pursuant to the provisions of the general statutes or any special act may designate the manner in which such bonds, notes or other obligations shall be issued and the person or persons by whom they shall be signed and shall provide for keeping a record of the same or shall authorize any official or municipal body to make such designations and to take such actions. Any such municipality may authorize its selectmen or board of finance or other officers or board to determine the rate or rates of interest or discount which such bonds, notes or other obligations shall bear and the time or times at which interest on such bonds, notes or other obligations shall be payable, or to establish the method or manner for making such determinations, and to determine all other terms, details and particulars pertaining to the issuance and sale of such bonds, notes or other obligations, including the time or times for payment of principal, subject to the provisions of the general statutes concerning the time or times at which bonds, notes or other obligations shall mature. Any bonds, notes or other obligations issued pursuant to the general statutes or any special act may be sold at public sale on sealed proposals or by negotiation in such manner, at such price or prices, at such time or times and on such other terms and conditions as the municipality issuing such bonds, notes or other obligations, or the officers or board delegated the authority to issue such bonds, notes or other obligations, may determine. The provisions of this section shall not affect the authority of the selectmen of any town to issue bonds where so authorized by special act.(1949 Rev., S. 803; 1969, P.A. 424, S. 8; P.A. 77-374, S. 3; P.A. 86-350, S. 4, 28.)History: 1969 act deleted provision limiting interest rate to 6%; P.A. 77-374 included other officers or boards to determine interest rates as well as selectmen or board of finance; P.A. 86-350 made a variety of changes for purposes of clarification, updating the statutes to conform to current financial practices and to conform to anticipated changes in federal tax policy; (Revisor's note: In 1997 the Revisors editorially restored the comma following the word “bonds” in the first sentence, thereby correcting a clerical error in the codification of P.A. 86-350, S. 4).
CT Gen Stat § 7-370a (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 109 - Municipal Bond Issues|Section 7-370a - Interest rate not limited.

 Any municipality, as defined in section 7-369, authorized to issue bonds, notes or other obligations under any provision of the general statutes or any special act or its charter, may issue such bonds, notes or other obligations bearing interest at such rate or rates as it may deem advisable, or at such discounts as it may deem advisable, notwithstanding any provision of the general statutes, special acts or its charter limiting the rate of interest such bonds, notes or other obligations may bear.(1969, P.A. 424, S. 9; P.A. 86-350, S. 5, 28.)History: P.A. 86-350 made a variety of changes for purposes of clarification, updating the statutes to conform to current financial practices and to conform to anticipated changes in federal tax policy.
CT Gen Stat § 7-371 (2020)
2020 Connecticut General Statutes|Title 7 - Municipalities|Chapter 109 - Municipal Bond Issues|Section 7-371 - Form of bonds.

 Unless otherwise provided by the general statutes or any special act, bonds issued by any municipality, as defined in section 7-369, by authority of any provision of the general statutes or of any special act shall be serial bonds maturing in annual or semiannual installments of principal that shall substantially equalize the aggregate amount of principal and interest due in each annual period commencing with the first annual period in which an installment of principal is due, or maturing in annual or semiannual installments of principal no one of which shall exceed by more than fifty per cent the amount of any prior installment, or shall be term bonds with mandatory deposit of sinking fund payments into a sinking fund of amounts sufficient to redeem or amortize the principal of the bonds in annual or semiannual installments that shall substantially equalize the aggregate amount of principal redeemed or amortized and interest due in each annual period commencing with the first annual period in which a mandatory sinking fund payment becomes due, or sufficient to redeem or amortize the principal of the bonds in annual or semiannual installments no one of which shall exceed by more than fifty per cent the amount of any prior installment. The first installment of any series of bonds shall mature or the first sinking fund payment of any series of bonds shall be due not later than three years from the date of the issue of such series and the last installment of such series shall mature or the last sinking fund payment of such series shall be due not later than twenty years therefrom, except that for bonds issued on or after July 1, 2017, but prior to July 1, 2022, the last installment of such series shall mature or the last sinking fund payment of such series shall be due not later than thirty years from the date of the issue of such series.(1949 Rev., S. 804; 1951, S. 362d; P.A. 83-408, S. 5, 6; P.A. 86-350, S. 8, 28; P.A. 87-506, S. 4, 9; P.A. 89-337, S. 2, 6; P.A. 17-147, S. 48.)History: P.A. 83-408 added language requiring substantially equal annual installments to maturity as applicable to principal and interest and applying existing limitation re increasing installment payments only to installments of principal; P.A. 86-350 made a variety of changes for purposes of clarification, updating the statutes to conform to current financial practices and to conform to anticipated changes in federal tax policy; P.A. 87-506 rewrote the section to provide for various methods of determining payment amounts; P.A. 89-337 allowed semiannual installments; P.A. 17-147 added provision re 30-year maturity date for bonds issued on or after July 1, 2017 but prior to July 1, 2022, effective July 1, 2017.Cited. 206 C. 579.