No municipality shall file a petition to become a debtor under Chapter 9 of Title 11 of the United States Code without the express prior written consent of the Governor. If the Governor consents to a petition, he shall submit a report to the Treasurer and the joint standing committee of the General Assembly having cognizance of matters relating to finance, revenue and bonding which sets forth the reasons for consent.
(P.A. 93-421, S. 7, 22.)
History: P.A. 93-421 effective July 1, 1993.
Structure Connecticut General Statutes
Chapter 117 - Municipal Deficit Financing
Section 7-561. - Establishment of property tax intercept procedure and debt service payment fund.
Section 7-563. - Indenture or other agreements.
Section 7-564. - Rights and remedies of holders of general obligations.
Section 7-565. - State pledge to holders of general obligations.
Section 7-566. - Municipal petition to become a debtor.
Section 7-567. - Additional property tax to pay current year's expenses.
Section 7-570. - Issuance of additional general obligations.
Section 7-571. - Establishment of special capital reserve fund to secure general obligations.
Section 7-576h. - Property tax levy by tier II, III or IV municipality. Limitation. Exception.
Section 7-577. - Attorney General to apply for writ of mandamus.
Section 7-578. - Municipal comprehensive economic development plan to increase tax base.
Section 7-579. - Definition of deficit obligation re town and city of New Haven.