Connecticut § 7-205 - Financing.
Full text of Connecticut Connecticut General Statutes § 7-205 — Financing., with citation guidance and answers to common questions.
§ 7-205. Financing.
Sec. 7-205. Financing. Such parking authority or parking division, subject to the specific authorization and approval of the legislative body, may finance the creation and establishment of parking facilities by any one, or any combination, of the following methods: (a) General obligation bonds, including such general obligation bonds as shall mature at such time on a maturity schedule that will substantially equalize the payment of principal and interest annually; (b) revenue bonds as provided in section 7-206; (c) parking fees and special charges derived from the use of parking facilities; (d) general fund appropriations; (e) parking meter revenues; or (f) gifts, bequests, devises, grants-in-aid or otherwise.
(1953, S. 283d; 1971, P.A. 604, S. 3.)
History: 1971 act included general obligation bonds with maturity schedules which equalize principal and interest payments.
Frequently Asked Questions About Connecticut § 7-205
What does Connecticut General Statutes § 7-205 cover?
Section 7-205 ("Financing.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 7-205?
A common citation format is "Connecticut General Statutes § 7-205" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 7-205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.