Sec. 10a-170w. Gear up for Connecticut futures account.
Sec. 10a-170w. Gear up for Connecticut futures account. (a) The Board of Governors of Higher Education may establish and administer an account to be known as the
gear up for Connecticut futures account. The account shall be a separate and nonlapsing
account within the General Fund. The account shall be used for scholarships pursuant
to the federal GEAR UP program, 20 USC 1070a-21 et seq. The board may deposit
state funds appropriated as a state match to the federally funded GEAR UP grant in the
account.
(b) The Treasurer may invest in accordance with section 3-31a any moneys in the
account not needed for current disbursement for scholarships. The interest derived from
such investment shall be credited to the account.
(P.A. 02-88, S. 1.)
History: P.A. 02-88 effective July 1, 2002.