Connecticut Statutes
§ 3-42 — Rate of interest on loans from the School Fund and Agricultural College Fund.
Connecticut § 3-42
This text of Connecticut § 3-42 (Rate of interest on loans from the School Fund and Agricultural College 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. § 3-42 (2026).
Text
The rate of interest on all loans of the School Fund and the Agricultural College Fund in this state shall be established by the State Treasurer, payable semiannually. See Sec. 3-27a re investments in Short Term Investment Fund.
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Legislative History
(1949 Rev., S. 133; 1967, P.A. 6; P.A. 78-236, S. 2, 20.) History: 1967 act included agricultural college fund under provisions of section and made interest rates subject to decision of state treasurer with a minimum rate of 4% rather than the previous 6%; P.A. 78-236 deleted language requiring minimum rate of 4%.
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Bluebook (online)
Connecticut § 3-42, Counsel Stack Legal Research, https://law.counselstack.com/statute/ct/3-42.