(a) Whenever any water authority incurs an indebtedness whether by the issuance of bonds, notes or otherwise by reason of the installation, enlargement or maintenance of a water distribution system within any member town, and the authority determines that the revenues and assessments reasonably anticipated by reason of such installation, enlargement or maintenance are insufficient to permit the payment of such indebtedness, the town in which such distribution system is located may, by appropriate action, guarantee the payment of definitive notes and bonds issued by the authority and thereafter from time to time lend to the authority such funds as may be required to retire such notes and bonds as the same become due together with such amounts as may from time to time be needed to satisfy interest and other charges upon such notes and bonds. Such amounts with interest at such rates per annum, not exceeding statutory limitations thereon, borrowed by the authority from such town shall be an obligation of the authority provided, such revenues and assessments as may be received by reason of the water service supplied to such town, after the payment of reasonable operating costs, shall be segregated in a separate account from other funds of the authority. Such funds shall be paid to such town from time to time in accordance with the terms of the loan until the entire amount due to such town is fully satisfied and shall be used for no other purpose. Operating costs are defined as those costs incurred in the maintenance and operation of the water distribution system including, but not limited to, the costs of physical maintenance of the installations, bookkeeping costs, the costs of surveys, soundings and examinations, employee wages and servicing of the bonds or debts of the authority other than those funds borrowed from the town in which the water distribution system is located, as the same becomes due together with such amounts as may from time to time be needed to satisfy interest and other charges upon such indebtedness.
(b) Any funds so loaned by a town to the authority shall be evidenced by such notes or other evidences of indebtedness as may be appropriate. Any member town is authorized to enter into an agreement to lend such funds as may be required upon complying with such procedures as may be prescribed by such town for the issuance of general obligation bonds of such town provided, any such town may lend such funds as part of its general operating budget. Such funds as may be received by such town from the authority shall be used by the town as it shall determine in its budget.
(P.A. 78-129.)
Structure Connecticut General Statutes
Chapter 97 - Municipalities: General Provisions
Section 7-103. - Resignation of municipal officers.
Section 7-104. - Refusal of elected official to accept or perform duties.
Section 7-105. - Oath of assessors, board of assessment appeals and tax collectors.
Section 7-105a. - Office of grand juror abolished.
Section 7-106. - Oath of grand jurors.
Section 7-107. - Vacancy appointments by selectmen.
Section 7-108. - City or borough liable for damage done by mobs.
Section 7-109. - Destruction of documents.
Section 7-111. - Proof of claims against municipality.
Section 7-112. - Rate of wages and citizens' preference in work on public buildings.
Section 7-113. - Marking of bounds of towns, cities and boroughs.
Section 7-114. - Renewal of boundary lines.
Section 7-115. - Establishment of disputed boundaries.
Section 7-118a. - Curbs and sidewalks to be designed with cuts at pedestrian crosswalks.
Section 7-119 and 7-120. - Hearing; appeal. Assignment of street numbers.
Section 7-121. - Making of specific appropriations.
Section 7-121a. - Municipal loans to nonpublic schools for construction or renovation.
Section 7-121b. - Contracts with regional water authorities.
Section 7-121e. - Sewage treatment facility improvement trust fund.
Section 7-121f. - Municipal Electric Consumer Advocate.
Section 7-121m. - Notice of actions concerning real property in other municipalities.
Section 7-121n. - Sustainable energy program.
Section 7-122. - Sites for armories. Appropriations.
Section 7-122a. - Municipal fallout shelters and civil preparedness facilities.
Section 7-125a. - Appropriations to improvement associations for road maintenance.
Section 7-127 and 7-127a. - Municipal advisory welfare boards. Committees on needs of the aging.
Section 7-127c. - Municipal agents for children.
Section 7-127d. - Neighborhood youth center grant program.
Section 7-127f. - Annual reports. Audit.
Section 7-127g. - Annual reports to the General Assembly.
Section 7-128 and 7-129. - Public squares and parks. Gifts for parks.
Section 7-129a. - Park and recreation capital and nonrecurring expense fund.
Section 7-130. - Playgrounds and recreation centers.
Section 7-130a. - Public recreational facilities authorities. Definitions.
Section 7-130b. - Creation of authority. Joining and withdrawal.
Section 7-130d. - Powers of authority.
Section 7-130e. - Municipalities may grant property and money to authority.
Section 7-130f. - Operation of projects.
Section 7-130g. - Bond issues.
Section 7-130h. - Securing of bonds.
Section 7-130i. - Rates, rents, fees and charges.
Section 7-130j. - Use of receipts.
Section 7-130k. - Enforcement of rights of bondholders and trustees.
Section 7-130l. - Tax exemption.
Section 7-130m. - Bonds to be legal investments.
Section 7-130n. - Liberal construction. Consent of other bodies not required.
Section 7-130o. - Municipal powers to aid authority.
Section 7-130p. - Provision of property to authority.
Section 7-130q. - Lease of facilities.
Section 7-130r. - Financial aid by municipality.
Section 7-130s. - Municipal guarantee of authority bonds.
Section 7-130t. - Pledge or assignment of lease to secure bonds.
Section 7-130u. - Exemption of property from levy and sale by virtue of execution.
Section 7-130v. - Payment by authority of sums in lieu of taxes.
Section 7-130w. - Construction of statutes. Consent of other agencies not required.
Section 7-131. - Municipal forests. Public shade trees.
Section 7-131a. - Conservation commissions.
Section 7-131c. - Open space land. Definitions.
Section 7-131f. - Considerations for approving grants from funds authorized prior to July 1, 1998.
Section 7-131g. - Grant: Amount, purposes, valuation of land. Issuance of bonds.
Section 7-131h. - Charges by municipality.
Section 7-131i. - Municipal use of open space land.
Section 7-131j. - Taking of land by state or public service company.
Section 7-131k. - Acceptance of federal funds.
Section 7-131l. - Development of watershed areas for recreation and fish and wildlife sites.
Section 7-131m. - Combined conservation and recreational commission.
Section 7-131p. - Establishment of municipal land acquisition and development authority.
Section 7-131q. - Agricultural land preservation fund.
Section 7-131r. - Land acquisition fund.
Section 7-131s. - Charter Oak open space trust account.
Section 7-131v. - Local and regional agricultural councils.
Section 7-131w. - Municipal sale of certain real property; appraisal required.
Section 7-132 and 7-133. - Bounty: On bobcat or lynx; on snakes and wild animals.
Section 7-135. - Use of municipal lockup and community correctional center in another town.
Section 7-135a. - Reimbursement of towns for keeping prisoners.
Section 7-135b. - Payment for intoxication tests.
Section 7-136. - Municipal economic development commissions.
Section 7-136d. - Ordinance authorizing establishment of foreign trade zone.
Section 7-136f. - Submission of application to operate foreign trade zone.
Section 7-136g. - Applicability of local planning and zoning regulations.
Section 7-136n. - Joint issuance of bonds by two or more municipalities.
Section 7-136o. - Securing of bonds.
Section 7-136p. - Enforcement of rights of bondholders and trustees.
Section 7-136q. - Tax exemption.
Section 7-136r. - Bonds to be legal investments.
Section 7-136s. - Guarantee of joint bonds by participating municipality.
Section 7-137. - Regional economic development commissions.
Section 7-137b. - Establishment of industrial park.
Section 7-137d. - Lien for benefits assessed for water main extension.
Section 7-139. - Notice of assessment of benefits.
Section 7-140. - Assessment a lien; foreclosure.
Section 7-141. - Notice of hearing on municipal assessments.
Section 7-142. - Appeal from municipal assessments.
Section 7-143. - Completion of improvement pending appeal from appraisal of damages.
Section 7-144. - Assessment on estate of decedent.
Section 7-145. - Correction of assessments.
Section 7-146. - Clearing of waterways. Assessment of cost. Appeal.