As used in this section and sections 7-406n and 7-406o: (1) “Municipal pension solvency account” means the account created in section 7-406n; (2) “Loan program” means the loans given to municipalities by the state pursuant to sections 7-406n and 7-406o; (3) “Municipality” means any metropolitan district, town, consolidated town and city, consolidated town and borough, […]
(a) There is established an account to be known as the “municipal pension solvency account” which shall be a separate nonlapsing account within the General Fund. The account shall contain: (1) The proceeds of notes, bonds or other obligations issued by the state for the purpose of deposit in said account and use in accordance […]
(a) For the purposes of this section and section 7-406n, the State Bond Commission shall have the power, from time to time, to authorize the issuance of bonds, bond anticipation notes or other obligations of the state in one or more series and on such other terms and conditions as the Treasurer shall determine to […]
The Treasurer shall, in consultation with the Secretary of the Office of Policy and Management, adopt regulations, in accordance with the provisions of chapter 54, to carry out the purposes of sections 7-406n and 7-406o, which may include, but not be limited to, the administrative process for the servicing of loans. (P.A. 07-204, S. 5.) […]
