Connecticut Statutes

§ 3-123cc — Investment of amounts on deposit in Connecticut Home Care Trust Fund.

Connecticut § 3-123cc
JurisdictionConnecticut
Title 3State Elective Officers
Ch. 34Comptroller

This text of Connecticut § 3-123cc (Investment of amounts on deposit in Connecticut Home Care Trust Fund.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Conn. Gen. Stat. § 3-123cc (2026).

Text

The Comptroller shall invest the amounts on deposit in the trust in a manner reasonable and appropriate to achieve the objectives of the trust, exercising the discretion and care of a prudent person in similar circumstances with similar objectives. The Comptroller shall give due consideration to rate of return, risk, term or maturity, diversification of the total portfolio within the trust, liquidity, the projected disbursements and expenditures, and the expected payments, deposits, contributions and gifts to be received. The Comptroller shall not require the trust to invest directly in obligations of the state or any political subdivision of the state or in any investment or other fund administered by the Comptroller. The assets of the trust shall be continuously invested and reinvested i

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Legislative History

(P.A. 07-130, S. 3.)

Nearby Sections

15
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Bluebook (online)
Connecticut § 3-123cc, Counsel Stack Legal Research, https://law.counselstack.com/statute/ct/3-123cc.