CHAPTER 113b
MUNICIPAL LIABILITY TRUST FUND

Table of Contents

Sec. 7-479s. Municipal Liability Trust Fund. Purposes. Moneys in fund.
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.
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.

      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.

      (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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      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 Sections 7-479t to 7-479w, inclusive, are repealed.

      (P.A. 86-350, S. 19-22, 28; P.A. 88-270, S. 7, 8.)

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      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. Section 7-479x is repealed, effective October 1, 2002.

      (P.A. 88-270, S. 6, 8; S.A. 02-12, S. 1.)

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