OLR Bill Analysis

sHB 5509

AN ACT CONCERNING MUNICIPAL ORDINANCES FOR INTEREST RATES ON DELINQUENT SEWER ASSESSMENTS.

SUMMARY

This bill authorizes a municipality to adopt an ordinance lowering its delinquent sewer assessments interest rates, irrespective of any conflicting provisions of the general statutes, special acts, or municipal charters or ordinances. Presumably, “sewer assessments” refers to “sewer benefit assessments,” which are sewer charges not related to a customer's usage. Revenue from these assessments must be used to pay for the acquisition, construction, or financing of the system (e.g. capital costs).

Current law sets the interest rate for delinquent sewer benefits assessments at 18% annually, or 1.5% per month or a portion thereof (CGS 12-146).

EFFECTIVE DATE: July 1, 2018

COMMITTEE ACTION

Planning and Development Committee

Joint Favorable Substitute

Yea

20

Nay

2

(03/26/2018)