PA 09-89—HB 5536
Planning and Development Committee
AN ACT CONCERNING INTEREST ON CHARGES FOR SEWER SYSTEM EXPANSION
SUMMARY: This act allows a water pollution control authority (WPCA) to assess, in substantially equal installment payments over a period of up to 30 years, the cost of a sewer system whose acquisition, construction, or expansion is financed from the municipality's general reserves. It also allows the municipality to charge a reasonable rate of interest on such assessments. It requires the WPCA to have the town clerk where the assessed property is located place a certificate on the land records indicating the assessment.
By law, these provisions apply to the acquisition and construction of systems financed by municipal bonds. The act explicitly extends these provisions to systems expanded through bonding.
By law, a certificate must be filed on the land records of property subject to sewer assessments. Under prior law, the town clerk had to cancel or remove the certificate within seven days after the last installment was paid or the total assessment was paid off. The act instead requires the tax collector to prepare a release of certificate and record the release on the land record under these circumstances.
EFFECTIVE DATE: October 1, 2009
OLR Tracking: KM: VR: PF: ts/tjo/df