Section 3-76s. – Defaults in principal or interest payments on municipal refunding bonds; remedies.
(a) Upon the issuance and delivery of any municipal refunding bonds to the state by any municipality, that municipality is deemed to agree that on the failure of that municipality to pay interest or principal on any of the municipal refunding bonds owed or held by the state when payable, all defenses to nonpayment are […]
Section 3-76d. – Issuance of state special obligation bonds authorized to finance purchase of municipal refunding bonds; bond determination requisites.
(a) Special obligation bonds of the state may be issued pursuant to and subject to the terms, conditions and limitations provided in this part for the purpose of financing the cost of purchasing municipal refunding bonds and the funding or increasing reserves to secure or to pay such bonds and all other costs or expenses […]
Section 3-76t. – Transfer of interest subsidy under section 10-292m.
Any municipality entitled to receive an interest subsidy pursuant to subsection (b) of section 10-292m on bonds refunded pursuant to this part shall cease to receive such interest subsidy on the refunded bonds and shall be entitled to receive such interest subsidy on the refunding bonds in the amount permitted by subsection (b) of section […]
Section 3-76e. – Effect of filing of bond determination. Limits on Treasurer's contracts.
By the filing of a bond determination made, signed and filed as provided in subsection (b) of section 3-76d describing an issue of special obligation bonds to be issued for the purposes set forth therein, the principal amount of such bonds shall be deemed to have been appropriated for such purposes, and the Treasurer may […]
Section 3-76f. – Terms of special obligation bonds determined by State Treasurer.
Special obligation bonds shall be issued from time to time in accordance with and as described in a bond determination or determinations made, signed and filed prior to their issuance by the Treasurer as provided in subsection (a) of section 3-76d and shall bear such date or dates, mature at such time or times not […]
Section 3-76g. – Optional provisions to secure payment of special obligation bonds.
In order to secure the payment of the special obligation bonds issued pursuant to this part, the Treasurer may, on behalf and in the name of the state, include in any bond determination or determinations describing or relating to such bonds, provisions, which shall constitute a part of the contract of the state with the […]
Section 3-76h. – Additional powers of State Treasurer.
In addition to the powers and authority conferred upon the Treasurer by this part and any other general statutes, public act or special act of the General Assembly, the Treasurer may: (a) Employ such officers, agents and employees as may be necessary to carry out the provisions of this part and retain and employ consultants […]
Section 3-76i. – Form of special obligation bonds.
All special obligation bonds shall be signed in the name of the state and on its behalf by the Treasurer, or his deputy, by his manual signature, and be sealed with the seal of the state or a facsimile thereof, attested by the manual or facsimile signature of the Secretary of the State, or his […]
Section 3-76j. – Special obligation bonds not general obligations of the state.
Bonds issued pursuant to this part shall not be general obligations of the state for which its full faith and credit is pledged, nor shall they be payable out of any funds other than the funds herein provided therefor. (P.A. 73-591, S. 10, 21.)
Section 3-76k. – Special obligation bonds as legal investments: Tax exemptions.
(a) Bonds issued pursuant to this part are made and declared to be (1) legal investments for savings banks and trustees unless otherwise provided in the instrument creating the trust, (2) securities in which all public officers and bodies, all insurance companies and associations and persons carrying on an insurance business, all banks, bankers, trust […]