Connecticut § 7-240 - Separate accounts.
Full text of Connecticut Connecticut General Statutes § 7-240 — Separate accounts., with citation guidance and answers to common questions.
§ 7-240. Separate accounts.
Sec. 7-240. Separate accounts. A separate account shall be kept by the municipality of the funds derived from such waterworks system and of their disposition, which account shall be audited annually by a competent auditor, and a report of such audit shall be open to public inspection. The treasurer of the municipality shall be the custodian of such funds and shall give bond to the satisfaction of the legislative body for the faithful discharge of his duties. Such funds shall be kept separate from other funds of such municipality and shall be used for such waterworks system and for no other purpose.
(1949 Rev., S. 759.)
Section solely governs municipal water utility financing and cannot be construed to diminish municipality's public health or environmental protection responsibilities. 262 C. 758.
Frequently Asked Questions About Connecticut § 7-240
What does Connecticut General Statutes § 7-240 cover?
Section 7-240 ("Separate accounts.") 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 § 7-240?
A common citation format is "Connecticut General Statutes § 7-240" (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 § 7-240 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.