Current as of June 28, 2021 | Updated by FindLaw Staff
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The proceeds of such assessments, whether or not pledged for the payment of securities, shall be segregated from other funds of the municipality and shall be used only to pay for the construction or reconstruction of the flood or erosion control system or particular portion thereof in respect to which such assessments are made or, as the case may be, for the payment of the interest on or principal of any securities issued to pay for such system or particular portion thereof.
Cite this article: FindLaw.com - Connecticut General Statutes Title 25. Water Resources. Flood and Erosion Control § 25-92. Segregation and use of assessment funds - last updated June 28, 2021 | https://codes.findlaw.com/ct/title-25-water-resources-flood-and-erosion-control/ct-gen-st-sect-25-92/
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