Sec. 10a-115. (Formerly Sec. 10-135). Agricultural College Fund.
Sec. 10a-115. (Formerly Sec. 10-135). Agricultural College Fund. The Agricultural College Fund of the state, constituted by virtue of a grant to the state under an Act
of the Congress of the United States, approved July 2, 1862, which grant was accepted
upon the terms, conditions and restrictions contained in said Act of Congress, as evidenced by an act of the General Assembly passed at a special session December, 1862,
shall remain in the custody of the State Treasurer. Said Treasurer shall pay to The University of Connecticut the net income earned by said fund. Said net income shall be computed by deducting from the gross income of said fund all expenses incurred for the
conservation and physical maintenance of the assets held in said fund.
(1949 Rev., S. 3290.)
History: Sec. 10-135 transferred to Sec. 10a-115 in 1983 pursuant to reorganization of higher education system.
See part II of chapter 32 re Agricultural College Fund generally.