Terms Used In Connecticut General Statutes > Chapter 100 - Municipal Parking Authorities

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Devise: To gift property by will.
• Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• legislative body: means : (1) As applied to unconsolidated towns, the town meeting. See Connecticut General Statutes 1-1
• municipality: means any town, city or borough, whether consolidated or unconsolidated, and any fire district. See Connecticut General Statutes 7-202
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Ordinance: means an enactment under the provisions of section 7-157. See Connecticut General Statutes 1-1
• parking authority: means a body corporate and politic created by the legislative body of any municipality as hereinafter provided. See Connecticut General Statutes 7-202
• parking division: means any existing municipal department, bureau, agency, commission or executive officer designated by any municipality as hereinafter provided. See Connecticut General Statutes 7-202
• parking facilities: means lots, garages, parking terminals or other structures and accommodations for the parking of motor vehicles off the street or highway and open to public use with or without charge. See Connecticut General Statutes 7-202
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Trustee: A person or institution holding and administering property in trust.