Such parking authority or parking division, subject to the specific authorization and approval of the legislative body, may finance the creation and establishment of parking facilities by any one, or any combination, of the following methods: (a) General obligation bonds, including such general obligation bonds as shall mature at such time on a maturity schedule that will substantially equalize the payment of principal and interest annually; (b) revenue bonds as provided in section 7-206; (c) parking fees and special charges derived from the use of parking facilities; (d) general fund appropriations; (e) parking meter revenues; or (f) gifts, bequests, devises, grants-in-aid or otherwise.
(1953, S. 283d; 1971, P.A. 604, S. 3.)
History: 1971 act included general obligation bonds with maturity schedules which equalize principal and interest payments.
Structure Connecticut General Statutes
Chapter 100 - Municipal Parking Authorities
Section 7-203. - Creation of parking authorities.
Section 7-204. - Powers of parking authority.
Section 7-204a. - Enforcement of municipal parking regulations.
Section 7-206. - Revenue bonds.
Section 7-207. - Rates and charges.
Section 7-207a. - Use of parking meter revenues.
Section 7-208. - Rights of bondholders.
Section 7-209. - Bonds to be tax-exempt.
Section 7-210. - Receipts to be trust funds.
Section 7-211. - Provisions of special acts not affected.
Section 7-212. - Parking authorities; tax exemption; investment of funds.