Section 7-576a - Application by municipality to Secretary of Office of Policy and Management for designation as tier I municipality. Conditions. Referral to Municipal Finance Advisory Commission(a) Any municipality referred pursuant to subsection (d) of section 7-395, to the Municipal Finance Advisory Commission shall be designated a tier I municipality. The chief elected official of any municipality that does not meet the conditions identified under subsection (d) of section 7-395, may apply to the Municipal Finance Advisory Commission for designation as a tier I municipality, provided such official (1) expects that such municipality will meet one or more such conditions in the following twenty-four month period, and (2) submits a report to the Municipal Finance Advisory Commission, in a form and manner prescribed by the commission, that confirms that such condition or conditions will be met in such period.(b) The secretary shall refer any municipality designated as a tier I municipality to the Municipal Finance Advisory Commission, pursuant to the provisions of section 7-395. In addition to the requirements of section 7-394b, such municipality shall prepare and present a five-year financial plan to the Municipal Finance Advisory Commission for its review and approval.Conn. Gen. Stat. § 7-576a
( June Sp. Sess. P.A. 17-2 , S. 360 .)
Amended by P.A. 22-0035, S. 7 of the Connecticut Acts of the 2022 Regular Session, eff. 10/1/2022.Added by P.A. 17-0002, S. 360 of the Connecticut Acts of the 2017 Special Session, eff. 10/31/2017.