{"data":{"id":"us-ct/conn.-gen.-stat.-7-573","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 7-573","heading":"Requirements for general obligations by tier I certified or designated municipality.","body":"Any tier I certified municipality or designated tier I municipality that meets the eligibility requirements of subdivisions (1) to (3), inclusive, of section 7-572, may issue general obligations with a term of more than one year which are supported by a special capital reserve fund, but not general obligations to fund a general fund deficiency, as provided in sections 7-560 to 7-579, inclusive. Any such tier I municipality shall, within the time and in the manner prescribed by written procedures adopted by the secretary, in consultation with the Treasurer: (1) Notify the secretary of its intent to issue such obligations, (2) provide the secretary with the documentation required under sections 7-560 to 7-579, inclusive, (3) establish a property tax intercept procedure and debt service payment fund in accordance with the provisions of sections 7-560 to 7-579, inclusive, and (4) comply with sections 7-569 to 7-571, inclusive. The secretary shall refer to the Municipal Finance Advisory Commission, pursuant to the provisions of section 7-395, any tier I certified municipality which notifies the secretary that it intends to issue obligations under this section.","path":["TITLE 7. MUNICIPALITIES","CHAPTER 117*. MUNICIPAL DEFICIT FINANCING"],"source_url":"https://www.cga.ct.gov/current/pub/chap_117.htm#sec_7-573","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:06:56Z","sha256":"a2caa2e96661ab8cf4dc81f8a04066062b0a792c540d9e1b1f8ec33fd5ef35df","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-7-572","next":"us-ct/conn.-gen.-stat.-7-574"},"notice":"GroundRules: Original legal text. Not legal advice."}