Sec. 7-579a. Determination of cumulative excess of expenditures and excess of estimated expenditures for certain fiscal years.
115 words·~1 min read·
/ct/title-7/chapter-117-municipal-deficit-financing/7-579a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the provisions of subdivision
(6)of section 7-560 , for purposes of determining the cumulative excess of expenditures under said subdivision for any fiscal year ending on or after July 7, 2017, and on or before June 30, 2022, such excess shall not include the impact of any refunding bonds issued pursuant to section 7-370c .
(b)Notwithstanding the provisions of subdivision
(16)of section 7-560 , for purposes of determining the excess of estimated expenditures under said subdivision for any fiscal year ending on or after July 7, 2017, and on or before June 30, 2022, such excess shall not include the impact of any refunding bonds issued pursuant to section 7-370c .