Sec. 7-148bb. Agreement between municipalities to share revenue received for payment of property taxes.
Sec. 7-148bb. Agreement between municipalities to share revenue received
for payment of property taxes. Notwithstanding any provision of the general statutes
or any special act, municipal charter or home rule ordinance, the chief elected officials
of two or more municipalities may initiate a process for such municipalities to enter
into an agreement to share revenues received for payment of real and personal property
taxes. The agreement shall be prepared pursuant to negotiations and shall contain all
provisions on which there is mutual agreement between the municipalities, including,
but not limited to, specification of the tax revenues to be shared, collection and uses of
such shared revenue. The agreement shall establish procedures for amendment, termination and withdrawal. The negotiations shall include an opportunity for public participation. The agreement shall be approved by each municipality that is a party to the
agreement by resolution of the legislative body. As used in this section "legislative
body" means the council, commission, board, body or town meeting, by whatever name
it may be known, having or exercising the general legislative powers and functions of
a municipality and "municipality" means any town, city or borough, consolidated town
and city or consolidated town and borough.
(P.A. 00-85, S. 1, 2.)
History: P.A. 00-85 effective July 1, 2000.