Connecticut § 8-68j - Financially distressed development. Transfer to Connecticut Housing Finance Authority.
Full text of Connecticut Connecticut General Statutes § 8-68j — Financially distressed development. Transfer to Connecticut Housing Finance Authority., with citation guidance and answers to common questions.
§ 8-68j. Financially distressed development. Transfer to Connecticut Housing Finance Authority.
Sec. 8-68j. Financially distressed development. Transfer to Connecticut Housing Finance Authority. (a) As used in this section:
(1) “Commissioner” means the Commissioner of Housing;
(2) “Connecticut Housing Finance Authority” means the authority created and operating pursuant to the provisions of chapter 134;
(3) “Financially distressed development” means a housing development owned by a housing authority and subject to an asset that was transferred from the Department of Housing to the Connecticut Housing Finance Authority pursuant to section 8-37u or subdivision (3) of section 32-11; and
(4) “Housing authority” means a local housing authority owning a financially distressed development.
(b) Notwithstanding any provision of the general statutes, a housing authority may, with the approval of the Commissioner of Housing, quit claim or otherwise transfer its interest in a financially distressed development to the Connecticut Housing Finance Authority. The commissioner may grant such approval upon an express finding that: (1) The housing authority is financially unable to maintain the development; (2) there is no reasonable prospect that the housing authority will be able to maintain the property in the future; (3) the housing authority has requested to transfer the development; and (4) the Connecticut Housing Finance Authority is prepared to accept the transfer.
(June 30 Sp. Sess. P.A. 03-6, S. 51; May Sp. Sess. P.A. 04-2, S. 92; P.A. 13-234, S. 2.)
History: June 30 Sp. Sess. P.A. 03-6 effective August 20, 2003; May Sp. Sess. P.A. 04-2 amended Subsec. (a)(3) by making technical changes, effective May 12, 2004; pursuant to P.A. 13-234, references to Commissioner of Economic and Community Development and Department of Economic and Community Development were changed editorially by the Revisors to references to Commissioner of Housing and Department of Housing, respectively, effective June 19, 2013.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 8-68j
What does Connecticut General Statutes § 8-68j cover?
Section 8-68j ("Financially distressed development. Transfer to Connecticut Housing Finance Authority.") 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 § 8-68j?
A common citation format is "Connecticut General Statutes § 8-68j" (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 § 8-68j 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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