Connecticut § 31-49k - State Treasurer. Investments.
Full text of Connecticut Connecticut General Statutes § 31-49k — State Treasurer. Investments., with citation guidance and answers to common questions.
§ 31-49k. State Treasurer. Investments.
Sec. 31-49k. State Treasurer. Investments. The State Treasurer shall invest the amounts on deposit in the Family and Medical Leave Insurance Trust Fund 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 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 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 State Treasurer. The assets of the trust shall be continuously invested and reinvested in a manner consistent with the objectives of the trust until disbursed upon order of the authority or expended on expenses incurred by the operations of the trust.
(P.A. 19-25, S. 7.)
History: P.A. 19-25 effective June 25, 2019.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 31-49k
What does Connecticut General Statutes § 31-49k cover?
Section 31-49k ("State Treasurer. Investments.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 31-49k?
A common citation format is "Connecticut General Statutes § 31-49k" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 31-49k apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.