Note
Part heading amended by L 2012, c 242, §1.
§39A-203 Use of revenues derived from project agreement. The department shall have the right to appropriate, apply, or expend the revenues derived from the project agreement for a project for the following purposes:
(1) To pay when due all special purpose revenue bonds and interest thereon, for the payment of which the revenues are or have been pledged, charged, or otherwise encumbered, including reserves therefor; and
(2) To the extent not paid by the project party to provide for all expenses of administration, operation, and maintenance of the project, including reserves therefor.
Unless and until adequate provision has been made for the foregoing purposes, the department shall not transfer the revenues derived from the project agreement to the general fund of the State. [L 1981, c 151, pt of §2; am L 2012, c 242, §10]
Section: Previous 39a-196 39a-197 39a-198 39a-199 39a-200 39a-201 39a-202 39a-203 39a-204 39a-204.5 39a-205 39a-206 39a-207 39a-208 39a-209 NextLast modified: October 27, 2016