Sec. 10-66ff. Powers. Liability limited. Participation in Short-Term Investment Fund.
Sec. 10-66ff. Powers. Liability limited. Participation in Short-Term Investment Fund. (a) Each charter school may (1) sue and be sued, (2) purchase, receive,
hold and convey real and personal property for school purposes, and (3) borrow money
for such purposes.
(b) The state, a local or regional board of education or the applicant for a charter
school shall have no liability for the acts, omissions, debts or other obligations of such
charter school, except as may be provided in an agreement or contract with such charter
school.
(c) Charter schools established pursuant to sections 10-66aa to 10-66gg, inclusive,
shall be eligible to invest in participation certificates of the Short-Term Investment Fund
administered by the State Treasurer pursuant to sections 3-27a to 3-27f, inclusive.
(P.A. 96-214, S. 6; P.A. 97-290, S. 26, 29.)
History: P.A. 97-290 added Subsec. (c) re participation in the Short-Term Investment Fund, effective July 1, 1997.