Sec. 7-212. Parking authorities; tax exemption; investment of funds.
Sec. 7-212. Parking authorities; tax exemption; investment of funds. The property of any parking authority created under the authority of any general or special act
shall be exempt from taxation, unless otherwise specifically provided in such general
or special act or in the ordinance or resolution creating such parking authority. Any such
parking authority may invest temporarily in direct obligations of the United States of
America such portions of the proceeds received from the sale of bonds or other funds
as is deemed available for such purpose.
(1953, S. 290d.)