Sec. 7-233a. Legislative purpose and finding.
Sec. 7-233a. Legislative purpose and finding. The purpose of this chapter is to
permit municipal electric utilities in Connecticut to join together and form cooperative
public corporations for the financing of the construction and acquisition of facilities for
the purpose of furnishing efficient, low cost and reliable electric power in their areas
of operation. The provisions of this chapter shall be deemed to apply to the acquisition,
construction, reconstruction, operation, repair, extension or improvement of such facilities, or the acquisition of any interest therein or of any capacity thereof, by a separate
legal entity created by concurrent resolutions of two or more municipal electric utilities
as herein provided. It is found and declared that there exists in the state a great and
growing need for the furnishing of efficient, low cost and reliable electric power to
the residents thereof; that the construction and acquisition of suitable facilities for the
furnishing of efficient, low cost and reliable electric power is an important governmental
function in which municipal electric utilities should be enabled to act jointly for the
purposes of carrying out the provisions of this chapter and therefore the necessity for
the provisions of this chapter is hereby declared as a matter of legislative determination
to be in the public interest and for the public benefit and good of this state.
(P.A. 75-634, S. 1, 24; P.A. 76-237, S. 1, 9.)
History: P.A. 76-237 substituted "concurrent resolutions of" for "agreement between or among" municipal electric
utilities.