Connecticut Statutes
§ 3-40 — Treasurer to have care and management.
Connecticut § 3-40
This text of Connecticut § 3-40 (Treasurer to have care and management.) 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. § 3-40 (2026).
Text
The Treasurer shall have the care and management of the School Fund and the Agricultural College Fund, loan and invest the principal thereof and have the care of the income from the same; but no loans from the School Fund shall be made outside of the state. He shall give a bond in the sum of one hundred thousand dollars, with surety to the state, conditioned for the faithful performance of his duties in the care and management of said funds, and shall report annually to the Governor, as provided by section 4-60, with such suggestions as he deems important. See Sec. 3-34 re Treasurer's authority to vote on bank stock owned by School Fund. See Sec. 10a-115 re Agricultural College Fund. See Sec. 12-178 re precedence of School or Agricultural College Fund mortgage over lien consisting of asses
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Legislative History
(1949 Rev., S. 131; September, 1957, P.A. 11, S. 13.) State acts in sovereign capacity and is not affected by discharge in bankruptcy. 47 C. 400. Priority of fund over municipal assessment; power of legislature. 81 C. 12.
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Bluebook (online)
Connecticut § 3-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/ct/3-40.