Connecticut Statutes
§ 3-39m — Investment of funds in the trust.
Connecticut § 3-39m
This text of Connecticut § 3-39m (Investment of funds in the trust.) 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. § 3-39m (2026).
Text
Notwithstanding the provisions of sections 3-13 to 3-13h, inclusive, the State Treasurer 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 State Treasurer shall give due consideration to the rate of return, risk, term or maturity, diversification of the total portfolio within the trust, liquidity, projected disbursements and expenditures and the expected payments, deposits, contributions and gifts to be received. The State Treasurer 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 Stat
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Legislative History
(P.A. 15-80, S. 4.)
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Bluebook (online)
Connecticut § 3-39m, Counsel Stack Legal Research, https://law.counselstack.com/statute/ct/3-39m.