Connecticut § 7-573 - Requirements for general obligations by tier I certified or designated municipality.
Full text of Connecticut Connecticut General Statutes § 7-573 — Requirements for general obligations by tier I certified or designated municipality., with citation guidance and answers to common questions.
§ 7-573. Requirements for general obligations by tier I certified or designated municipality.
Sec. 7-573. Requirements for general obligations by tier I certified or designated municipality. Any tier I certified municipality or designated tier I municipality that meets the eligibility requirements of subdivisions (1) to (3), inclusive, of section 7-572, may issue general obligations with a term of more than one year which are supported by a special capital reserve fund, but not general obligations to fund a general fund deficiency, as provided in sections 7-560 to 7-579, inclusive. Any such tier I municipality shall, within the time and in the manner prescribed by written procedures adopted by the secretary, in consultation with the Treasurer: (1) Notify the secretary of its intent to issue such obligations, (2) provide the secretary with the documentation required under sections 7-560 to 7-579, inclusive, (3) establish a property tax intercept procedure and debt service payment fund in accordance with the provisions of sections 7-560 to 7-579, inclusive, and (4) comply with sections 7-569 to 7-571, inclusive. The secretary shall refer to the Municipal Finance Advisory Commission, pursuant to the provisions of section 7-395, any tier I certified municipality which notifies the secretary that it intends to issue obligations under this section.
(P.A. 93-421, S. 14, 22; June Sp. Sess. P.A. 17-2, S. 361.)
History: P.A. 93-421 effective July 1, 1993; June Sp. Sess. P.A. 17-2 added provisions re issuance by certified or designated tier I municipality, deleted references to Sec. 7-394b(a), replaced provision re regulations adopted by secretary with provision re written procedures adopted by secretary, added reference to tier I certified municipality re referral to Municipal Finance Authority Commission, and made technical changes, effective October 31, 2017.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 7-573
What does Connecticut General Statutes § 7-573 cover?
Section 7-573 ("Requirements for general obligations by tier I certified or designated municipality.") 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 § 7-573?
A common citation format is "Connecticut General Statutes § 7-573" (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 § 7-573 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
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