Sec. 3-13k. Direction of third party fees by Treasurer prohibited. Personal use by Treasurer of broker's credits prohibited.
Sec. 3-13k. Direction of third party fees by Treasurer prohibited. Personal
use by Treasurer of broker's credits prohibited. (a) The Treasurer shall not direct
the payment of any third party fees to any person other than third party fees paid in
connection with state bond sales or fees permitted by the Internal Revenue Code in
connection with guaranteed investment contracts related to debt issuance.
(b) Neither the Treasurer, nor any agent or employee of the Treasurer, shall make
personal use of any credit or thing of value given by a broker or firm in connection with
the investment of trust funds.
(P.A. 00-43, S. 6, 19.)
History: P.A. 00-43 effective May 3, 2000.