Any contract for a loan to purchase a dwelling under section 8-286 may require that the state or the authority shall receive, in exchange for any such loan, a share in the appreciation of the dwelling or any interest therein upon its sale. Such share shall be in an amount determined by the authority.
Conn. Gen. Stat. § 8-286a
State or authority to share in appreciation of dwelling
(P.A. 91-346, S. 4, 9; P.A. 95-250, S. 29, 42; 95-309, S. 11, 12; P.A. 23-45, S. 6.) History: P.A. 95-250 added provision giving the authority a share in the appreciation of a d…
Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.