Sec. 7-378f. Renewal of temporary notes to finance sewers in town without an operating system connected to treatment plant.
Sec. 7-378f. Renewal of temporary notes to finance sewers in town without an
operating system connected to treatment plant. Notwithstanding the provisions of
sections 7-264, 7-378 and 7-378a and any other public or special act or charter or ordinance or resolution which limits or imposes conditions on the renewal of temporary
notes to finance sanitary sewers issued in anticipation of the receipt of the proceeds of
bond issues, any town, as defined in said section 7-378, which does not have an operating
municipal sanitary sewerage system connected to a treatment plant, may renew such
temporary notes for a period of not more than four years from the date of the original
notes if the town promptly applies all project grant payments toward project costs or
toward payment of such temporary notes as the same shall become due and payable or
deposits such grants in trust for such purposes, and if the original notes were issued on
or before June 30, 1982. No temporary notes issued or renewed pursuant to this section
shall mature later than one year from the date the sanitary sewers financed by such notes
are placed in operation.
(P.A. 80-320, S. 3, 4.)
See Secs. 7-378 to 7-378c, inclusive, re issuance of temporary notes, generally.