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Conn. Gen. Stat. § 7-360

Creation of fund

Connecticut · General Statutes of Connecticut Chapter 108 — Municipal Reserve Fund · Status: effective

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Conn. Gen. Stat. § 7-360, Creation of fund, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2164890
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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”.