Connecticut General Statutes 9-750 – Portion of revenues from tax under chapter 208 to be deposited in Citizens’ Election Fund if insufficiency in fund. Deduction from amount deposited
(a) If, (1) for the fiscal year ending June 30, 2006, or any fiscal year thereafter, the amount of funds available under section 3-69a for deposit in the Citizens’ Election Fund established in section 9-701 is less than the amount of funds required under said section 3-69a to be deposited in said fund, resulting in an insufficiency in the amount of the deposit, or (2) during an election cycle the amount of funds in the Citizens’ Election Fund is less than the amount of funds required to provide grants to each qualified candidate committee pursuant to the provisions of this chapter, resulting in an insufficiency in said fund, a portion of the revenues from the tax imposed under chapter 208, equal to the amount of any insufficiency described in subdivision (1) or (2) of this section, shall be deposited in said fund to allow for the payment of grants pursuant to the provisions of this chapter.
Terms Used In Connecticut General Statutes 9-750
- Election: means any electors' meeting at which the electors choose public officials by use of voting tabulators or by paper ballots as provided in section 9-272. See Connecticut General Statutes 9-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) Notwithstanding the provisions of section 3-69a, if funds are deposited into the Citizens’ Election Fund pursuant to the provisions of subdivision (2) of subsection (a) of this section, the aggregate amount of any such deposits shall be deducted from the amount deposited into said fund under section 3-69a for the following fiscal year.