(a) Notwithstanding any provision of the general statutes, special act, municipal charter or ordinance to the contrary, each municipality with a population of not fewer than one hundred thousand that is served by a private water company that is regulated by the Public Utilities Regulatory Authority shall adopt an ordinance, if applicable, to:
Terms Used In Connecticut General Statutes 7-246b
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Ordinance: means an enactment under the provisions of §. See Connecticut General Statutes 1-1
(1) Protect seniors, veterans and low-income families from water pollution control authority foreclosures by restricting accelerated foreclosure proceedings for past due sewer fees owed by any such person. For purposes of this section, “municipality” means any town, city, consolidated town and city or consolidated town and borough;
(2) Lower the interest rate charged by such municipality on delinquent sewer assessments; and
(3) Restrict assignees of water pollution control authorities from purchasing foreclosed properties and to establish financial guidelines that trigger foreclosure for nonpayment of fees.
(b) Notwithstanding any provision of the general statutes to the contrary, on and after July 1, 2018, no action to foreclose a lien shall be instituted for a period of one year after such action is filed by a water pollution control authority or a representative of such authority.