Sec. 8-244d. Bonds, notes or other obligations.
Sec. 8-244d. Bonds, notes or other obligations. All notes, bonds or other obligations issued by the Connecticut Housing Authority for the financing of any project or
projects shall be in accordance with their terms of full force and effect and valid and
binding upon the State Housing Authority as the successor to the Connecticut Housing
Authority and with respect to any resolution, contract, deed, trust agreement, mortgage,
conditional sale or loan agreement, commitment, obligation or liability or other such
document, public record, right, remedy, special act or public act, obligation, liability or
responsibility pertaining thereto, the State Housing Authority shall be, and shall be
deemed to be, the successor to the Connecticut Housing Authority. All properties, rights
in land, buildings and equipment and any funds, moneys, revenues and receipts or assets
of the Connecticut Housing Authority pledged or otherwise securing any such notes,
bonds or other obligations shall belong to the subsidiary as successor to the Connecticut
Housing Authority, subject to such pledges and other security arrangements and to
agreements with the holders of the outstanding notes, bonds or other obligations. Any
resolution with respect to the issuance of bonds of the Connecticut Housing Authority
for the purposes of the Connecticut Housing Authority Act, created under chapter 129,
and any other action taken by the Connecticut Housing Authority with respect to assisting in the financing of any project shall be, or shall be deemed to be, a resolution of
the State Housing Authority or an action taken by the State Housing Authority subject
only to any agreements with the holders of outstanding notes, bonds, or other obligations
of the Connecticut Housing Authority. Whenever, in any law, rule, regulation, order,
contract, document, judicial or administrative proceeding or otherwise, reference is
made to the Connecticut Housing Authority, the same shall mean and refer to the subsidiary to be established by the Connecticut Housing Finance Authority pursuant to section
8-244b.
(P.A. 95-250, S. 6, 42; 95-309, S. 11, 12.)
History: P.A. 95-309 changed effective date of P.A. 95-250 but did not affect this section.
See Sec. 32-1k for definitions.