(P.A. 79-371; P.A. 82-246, S. 2; P.A. 93-262, S. 1, 87; P.A. 12-24, S. 1; P.A. 16-74, S. 1.)
History: P.A. 82-246 amended section to change interest rate from 4% to 5.25%; P.A. 93-262 authorized substitution of commissioner and department of social services for commissioner and department on aging, effective July 1, 1993; P.A. 12-24 added provision re calculation of interest rate on and after January 1, 2013; P.A. 16-74 designated existing provisions as Subsec. (a) and amended same to replace “Commissioner of Social Services” with “Commissioner of Housing” and replace provisions re calculation of interest to be provided to tenant who resided in housing at least one year with provisions re interest to be provided to tenant or former tenant at the time tenancy is terminated, and added Subsec. (b) re installment payments for security deposit, effective October 1, 2016, and applicable to any tenant who first commenced occupancy on or after October 1, 2016.
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