Regulations of Connecticut State Agencies
Pursuant to sections 8-250 (1) and 8-252 of the General Statutes, CHFA raises money through the issuance of bonds, bond anticipation notes, and other obligations to be repaid from CHFA's revenues. CHFA's obligations are not general obligations of the state, although, pursuant to section 8-258 of the General Statutes, if the housing mortgage capital reserve fund is less than required, there is deemed to be appropriated from the state general fund an amount necessary to restore such fund, which is to be repaid by CHFA. CHFA's obligations are not issued pursuant to the procedures provided by statute for general obligations of the state. The issuance of CHFA obligations shall be authorized by resolution adopted at a regular or special meeting.
(Effective November 3, 1981)