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![handle is hein.ssl/ssct0094 and id is 1 raw text is: FEBRUARY 1984
Substitute House Bill No. 5940
PUBLIC ACT NO. 84-534
AN ACT ALLOWING AN EXTENSION OF TIME FOR RENEWAL OF
CERTAIN TEMPORARY BOND ANTICIPATION NOTES.
Section 1. Notwithstanding failure to comply with the procedure for
enactment of special legislation in the general assembly as required in section 2-14 of
the general statutes, and notwithstanding section 7-378e, in accordance with which
certain temporary notes issued in anticipation of the proceeds of bond issues were
issued in 1980 and 1981 by the town of Windsor and which have been so renewed
since that time in compliance with the conditions for such renewal set forth in
subdivisions (a) to (c), inclusive, in said section 7-378e, such temporary notes may
continue to be renewed in compliance with each of said subdivisions (a) to (e),
inclusive, after June 30, 1984, the date by which such temporary notes are due and
payable under current provisions in said section 7-378e, provided in no event shall
such notes be due and payable under this act later than June 30, 1986.
Sec. 2. Section 8-192b of the general statutes is repealed and the following is
substituted in lieu thereof:
Notwithstanding the provisions of subsection (b) of section 8-192 and any
other public or special act or charter or bond ordinance or bond resolution which
limits the renewal of temporary notes issued pursuant to said subsection in
anticipation of the receipt of the proceeds of bond issues to five years from the date
of the original notes, any municipality may renew temporary notes in accordance
with the provisions of this section for an additional period of not more than four years
from the end of such five-year period. The officers or board authorized to issue the
bonds or determine the particulars of the bonds may adopt a resolution authorizing
the renewal of temporary notes for such additional period under the following
conditions: (a) All project grant payments and bond sale proceeds received shall be
promptly applied toward project costs or toward payment of such temporary notes as
the same shall become due and payable or shall be deposited in trust for such
purposes; (b) no later than the end of each period of twelve months after the end of
such five-year period a portion of such temporary notes equal to at least
one-twentieth of the municipality's estimated net cost of the project shall be retired
from funds other than project grants or land sale proceeds or note proceeds; (c) the
interest on all temporary notes renewed after such five-year period shall be paid from
funds other than projtct grants or land sale proceeds or note proceeds; (d) the
principal amount of each bond issue when sold shall be reduced by the amounts spent
under subdivision (b) of this section, and the principal of such bonds shall be paid in
annual instalments commencing no later than one year from the date of issue; and
(e) the maximum authorized term of the bonds when sold shall be reduced by not
less than the number of months from the end of such five-year period to the date of
issue. Any anticipated federal or state project grants or land sale proceeds may be
used in computing the municipality's net cost of the project. Any municipality in
which such resolution is passed shall include in its annual budget or shall otherwise
appropriate sufficient funds to make the payments required by subdivisions (b) and
(c) of this section. In no event shall any notes renewed pursuant to the provisions of
this section be due and payable later than June 30, [1984] 1986.
Sec. 3. This act shall take effect from its passage.
Approved June 4, 1984
Substitute House Bill No. 5244
PUBLIC ACT NO. 84-535
AN ACT CONCERNING CLARIFICATION OF PERMITS FOR HAZARDOUS
WASTE.
Section 1. Section 22a-454 of the general statutes, as amended by public act
P.A. 84-534](ViewImageLocal?handle=hein.ssl/ssct0094&div=1&collection=&method=preview&ext=.png&size=3)