Connecticut § 7-366 - Appropriation when reserve fund insufficient.
Full text of Connecticut Connecticut General Statutes § 7-366 — Appropriation when reserve fund insufficient., with citation guidance and answers to common questions.
§ 7-366. Appropriation when reserve fund insufficient.
Sec. 7-366. Appropriation when reserve fund insufficient. If, in the opinion of the budget-making authority, such reserve fund is insufficient to meet the cost of any capital or nonrecurring expenditure, property tax revaluation or plan of conservation and development which it deems immediately necessary, it may, with the approval of the legislative body, authorize that an appropriation be made therefor, provided the total of such fund and the sum anticipated from a tax collected for the purposes of sections 7-360 to 7-364, inclusive, in the year following the date when such authorization is made is estimated by said budget-making authority to be sufficient to meet such expenditures. Nothing in said sections shall prohibit a municipality from supplementing said reserve fund to meet the cost of capital or nonrecurring expenditures, property tax revaluation or plan of conservation and development by issuing bonds in accordance with the applicable provisions of the statutes.
(1949 Rev., S. 799; P.A. 15-229, S. 4; P.A. 16-180, S. 5.)
History: P.A. 15-229 added references to property tax revaluation cost; P.A. 16-180 added references to plan of conservation and development.
Frequently Asked Questions About Connecticut § 7-366
What does Connecticut General Statutes § 7-366 cover?
Section 7-366 ("Appropriation when reserve fund insufficient.") 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 § 7-366?
A common citation format is "Connecticut General Statutes § 7-366" (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 § 7-366 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.