Connecticut § 3-36c - Treasurer's trust authority.

§ 3-36c. Treasurer's trust authority.

Sec. 3-36c. Treasurer's trust authority. The Treasurer, on behalf of the trust and for purposes of the trust, may:

(1) Receive and invest moneys in the trust in any instruments, obligations, securities or property in accordance with section 3-36d;

(2) Enter into one or more contractual agreements, including contracts for legal, actuarial, accounting, custodial, advisory, management, administrative, advertising, marketing and consulting services for the trust and pay for such services from the assets of the trust;

(3) Procure insurance in connection with the trust's property, assets, activities or deposits to the trust;

(4) Apply for, accept and expend gifts, grants or donations from public or private sources to enable the trust to carry out its objectives;

(5) Adopt regulations in accordance with chapter 54 for purposes of sections 3-36b to 3-36h, inclusive;

(6) Sue and be sued;

(7) Establish one or more funds within the trust; and

(8) Take any other action necessary to carry out the purposes of sections 3-36b to 3-36h, inclusive, and incidental to the duties imposed on the Treasurer pursuant to said sections.

(P.A. 21-111, S. 105; P.A. 22-110, S. 41; P.A. 23-204, S. 151.)

History: P.A. 21-111 effective July 1, 2021; P.A. 22-110 amended Subdivs. (5) and (8) by replacing “public act 21-111” with “sections 3-36b to 3-36i, inclusive” and making a conforming change in Subdiv. (8); P.A. 23-204 amended Subdivs. (5) and (8) to replace references to Sec. 3-36i with Sec. 3-36h, effective June 12, 2023.