Substitute House Bill No. 6549
          Substitute House Bill No. 6549

              PUBLIC ACT NO. 97-275


AN  ACT  PROVIDING FOR PROPERTY TAX RELIEF FOR THE
ACQUISITION OF CERTAIN WATER COMPANIES.


    Be it enacted  by  the  Senate  and  House  of
Representatives in General Assembly convened:
    Section 1. (NEW)  Any  municipality  may, upon
approval by its legislative body or in any town in
which the legislative  body  is a town meeting, by
the board of  selectmen,  abate for a period of up
to ten years  all  or  a  portion  of the property
taxes due on  and after the effective date of this
act for property  owned  by  an  entity  that  has
acquired  a  water   company   pursuant   to   the
provisions  of  section  16-262o  of  the  general
statutes.  The  acquiring  entity  shall  only  be
entitled to an  abatement for those costs incurred
by  such  entity   to  make  improvements  on  the
infrastructure  and  related   property   of   the
acquired  water company,  when  such  improvements
were ordered by  the  Department of Public Utility
Control or the  Department  of  Public  Health and
necessary  in order  for  the  entity  to  provide
continuous, adequate water service.
    Sec. 2. This  act  shall  take  effect July 1,
1997.

Approved June 26, 1997