The property of any parking authority created under the authority of any general or special act shall be exempt from taxation, unless otherwise specifically provided in such general or special act or in the ordinance or resolution creating such parking authority. Any such parking authority may invest temporarily in direct obligations of the United States of America such portions of the proceeds received from the sale of bonds or other funds as is deemed available for such purpose.
(1953, S. 290d.)
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.