Conn. Gen. Stat. § 7-205

Current with legislation from the 2024 Regular and Special Sessions.

Section 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.

Conn. Gen. Stat. § 7-205

(1953, S. 283d; 1971, P.A. 604, S. 3.)