Connecticut § 10-247 - Management of permanent funds.
Full text of Connecticut Connecticut General Statutes § 10-247 — Management of permanent funds., with citation guidance and answers to common questions.
§ 10-247. Management of permanent funds.
Sec. 10-247. Management of permanent funds. If any school district, formerly existing in a town in which the school districts have been or shall be abolished or consolidated, has received a permanent fund for the support of a school or schools in such district, the treasurer of the town shall have charge of it and keep a separate account thereof; and the income of such fund shall be held subject to the order of the board of education, which shall apply it for the benefit of the school or schools within or nearest to the limits of the district formerly existing, in such manner as to carry out, as nearly as possible, the intent of the grantor of such fund.
(1949 Rev., S. 1543; P.A. 78-218, S. 177.)
History: P.A. 78-218 deleted “town” in phrase “subject to the order of the town board of education”.
See Sec. 10-258 re administration of trust funds.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 10-247
What does Connecticut General Statutes § 10-247 cover?
Section 10-247 ("Management of permanent funds.") 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 § 10-247?
A common citation format is "Connecticut General Statutes § 10-247" (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 § 10-247 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.