Sec. 23-79. Stewardship account.
Sec. 23-79. Stewardship account. To ensure the proper management of land acquired pursuant to sections 23-73 to 23-79, inclusive, concurrent with each land acquisition, an amount not to exceed twenty per cent of the appraised value of the land may
be allocated from the proceeds of bonds authorized for the purposes of this program to
be used for the management of acquisitions or to be deposited in a stewardship account
which shall be established by the Comptroller as a separate nonlapsing account within
the General Fund. Income derived from the investment of such account shall be credited
to such account and such account shall be used for the management of acquisitions. The
commissioner may name a cooperator as primary manager of the land and on such
nomination may authorize, at reasonable times and in reasonable amounts, payments
to the primary manager for expenses incurred in the management of program acquisitions. A cooperator shall not be required to provide matching funds for any expenditure
from a stewardship account.
(P.A. 86-406, S. 8, 15; P.A. 87-448, S. 4, 6; June Sp. Sess. P.A. 93-1, S. 17, 45; May 25 Sp. Sess. P.A. 94-1, S. 26, 130.)
History: P.A. 87-448 added provision that cooperators shall not be required to match stewardship account expenditures;
June Sp. Sess. P.A. 93-1 amended section by deleting references to "fund" and authorized use of bond proceeds for
management of acquisitions, effective July 1, 1993; May 25 Sp. Sess. P.A. 94-1 made technical change, effective July 1,
1994; (Revisor's note: In 1999 a reference to Sec. 23-80 was changed editorially by the Revisors to Sec. 23-79, since Sec.
23-80 was repealed by P.A. 98-157).