Conn. Gen. Stat. § 7-360
Current with legislation from the 2024 Regular and Special Sessions.
Upon the recommendation and approval of the budget-making authority, the legislative body of any municipality, by a majority vote, may create a reserve fund for capital and nonrecurring expenditures, costs associated with a property tax revaluation and costs associated with the preparation, amendment or adoption of a plan of conservation and development pursuant to section 8-23. Such fund shall thereafter be termed "reserve fund for capital and nonrecurring expenditures".
Conn. Gen. Stat. § 7-360
(1949 Rev., S. 793; P.A. 15-229, S. 2; P.A. 16-180, S. 3.)