Connecticut General Statutes 7-579a – Determination of cumulative excess of expenditures and excess of estimated expenditures for certain fiscal years
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Notwithstanding the provisions of subdivision (6) of section 7-560, for purposes of determining the cumulative excess of expenditures under said subdivision for any fiscal year ending on or after July 7, 2017, and on or before June 30, 2022, such excess shall not include the impact of any refunding bonds issued pursuant to section 7-370c.
Terms Used In Connecticut General Statutes 7-579a
- 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 subdivision (16) of section 7-560, for purposes of determining the excess of estimated expenditures under said subdivision for any fiscal year ending on or after July 7, 2017, and on or before June 30, 2022, such excess shall not include the impact of any refunding bonds issued pursuant to section 7-370c.