Sec. 13b-68. Special Transportation Fund. Transportation Grants and Restricted Accounts Fund.
Sec. 13b-68. Special Transportation Fund. Transportation Grants and Restricted Accounts Fund. (a) There is established a fund to be known as the "Special
Transportation Fund". The fund may contain any moneys required or permitted by law
to be deposited in the fund and any moneys recovered by the state for overpayments,
improper payments or duplicate payments made by the state relating to any transportation infrastructure improvements which have been financed by special tax obligation
bonds issued pursuant to sections 13b-74 to 13b-77, inclusive, and shall be held by the
State Treasurer separate and apart from all other moneys, funds and accounts. Investment
earnings credited to the assets of said fund shall become part of the assets of said fund.
Any balance remaining in said fund at the end of any fiscal year shall be carried forward
in said fund for the fiscal year next succeeding.
(b) There is established a fund to be known as the "Transportation Grants and Restricted Accounts Fund". Upon certification by the Comptroller and the Secretary of
the Office of Policy and Management that the CORE-CT project for fiscal services
is operational, the fund shall contain all transportation moneys that are restricted, not
available for general use and previously accounted for in the Special Transportation
Fund as "Federal and Other Grants". The Comptroller is authorized to make such transfers as are necessary to provide that, notwithstanding any provision of the general statutes, all transportation moneys that are restricted and not available for general use are
in the Transportation Grants and Restricted Accounts Fund.
(June Sp. Sess. P.A. 83-30, S. 1, 8; P.A. 97-309, S. 3, 23; 97-322, S. 7, 9; June 5 Sp. Sess. P.A. 97-2, S. 24, 25; P.A.
00-170, S. 13, 42; P.A. 03-115, S. 58; May Sp. Sess. P.A. 04-2, S. 80.)
History: P.A. 97-309 designated existing Sec. as Subsec. (a), added provision that the balance not exceeding $20,000,000
be carried forward and added new Subsec. (b) re use of remaining balance in fund exceeding $20,000,000, effective July
1, 1997; P.A. 97-322 changed effective date of P.A. 97-309 but without affecting this section; June 5 Sp. Sess. P.A. 97-2
amended Subsec. (a) to add moneys recovered by the state for overpayments, improper and duplicate payments made by
the state relating to any transportation infrastructure improvements financed by special tax obligation bonds under Secs.
13b-74 to 13b-77, effective July 23, 1997; P.A. 00-170 amended Subsec. (a) to delete Subdiv. designator and provision
re balance not exceeding $20,000,000, and deleted former Subsec. (b) re use of unexpended balance in the fund at the end
of the fiscal year, effective July 1, 2000; P.A. 03-115 made a technical change; May Sp. Sess. P.A. 04-2 designated existing
provisions as Subsec. (a) and added Subsec. (b) establishing "Transportation Grants and Restricted Accounts Fund",
effective July 1, 2004.