Sec. 7-479s. Municipal Liability Trust Fund. Purposes. Moneys in fund. (a)
There is established a fund to be known as the "Municipal Liability Trust Fund". The
purpose of the Municipal Liability Trust Fund shall be to: (1) Help assure the availability
of liability coverage for municipalities, (2) improve municipal loss control activities
and (3) facilitate pooling of municipal efforts to accomplish these purposes. The fund
shall contain any moneys required by law to be deposited in the fund and shall be held in
trust separate and apart from all other moneys, funds and accounts. Investment earnings
credited to the assets of said fund shall become part of the assets of said fund. Any
balance remaining in said fund at the end of any fiscal year shall be carried forward in
said fund for the fiscal year next succeeding. Secs. 7-479t to 7-479w. Municipal Liability Trust Fund Committee; membership; duties. Grants from Municipal Liability Trust Fund; application requirements. Contingency reserve loans from Municipal Liability Trust Fund; application requirements; repayment. Limits on grants and contingency reserve loans.
Sections 7-479t to 7-479w, inclusive, are repealed. Sec. 7-479x. Moneys in Municipal Liability Trust Fund transferred to Municipal Abandoned Vehicle Trust Fund. Secretary of Office of Policy and Management
to assume powers and duties of Municipal Liability Trust Fund Committee. (a) On
July 1, 1988, there shall be paid into the Municipal Abandoned Vehicle Trust Fund all
moneys in the Municipal Liability Trust Fund established by section 7-479s together
with the proceeds of any investments of such moneys.
(b) As used in this chapter, "municipality" means any town, city, borough, consolidated town and city or consolidated town and borough.
(P.A. 86-350, S. 18, 28; P.A. 87-236.)
History: P.A. 87-236 added Subsec. (b) defining "municipality".
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(P.A. 86-350, S. 19−22, 28; P.A. 88-270, S. 7, 8.)
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(b) On and after July 1, 1988, any repayments of grants made under section 7-479u
of the general statutes, revision of 1958, revised to January 1, 1987, and all repayments
of loans made under section 7-479v of the general statutes, revision of 1958, revised to
January 1, 1987, shall be paid to the Treasurer for deposit in the Municipal Abandoned
Vehicle Trust Fund.
(c) The Secretary of the Office of Policy and Management shall, in accordance with
the provisions of section 4-38d, constitute a successor to the functions, powers and
duties of the Municipal Liability Trust Fund Committee established by section 7-479t
of the general statutes, revision of 1958, revised to January 1, 1987, with respect to
loans and grants made and contracts entered into, by such committee on or before June
30, 1988.
(P.A. 88-270, S. 6, 8.)
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