Sec. 7-360. Creation of fund. - Connecticut Statutes

      Sec. 7-360. Creation of fund. Upon the recommendation and approval of the budget-making authority, the legislative body of any municipality, by a majority vote, may create a reserve fund for capital and nonrecurring expenditures. Such fund shall thereafter be termed "reserve fund for capital and nonrecurring expenditures".

      (1949 Rev., S. 793.)