Connecticut General Statutes 7-367 – Amount of fund not to exceed current tax levy
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No payments shall be made to the reserve fund as provided for in § 7-361 which will cause the amount of such fund to exceed the current tax levy of the municipality, except for the addition of interest and dividends earned by such fund except in the case of any fire district or consolidated or unconsolidated borough, no such payments shall be made which will cause the amount of such fund to exceed three times the current tax levy of such fire district or borough excluding the addition of interest and dividends earned by such fund.
Terms Used In Connecticut General Statutes 7-367
- municipality: means any town, city or borough, whether consolidated or unconsolidated, and any fire district, and "budget-making authority" as applied to towns, cities and boroughs, whether consolidated or unconsolidated, having boards of finance or other bodies charged with preparing the budget, means the board of finance or such other body. See Connecticut General Statutes 7-359