Sec. 3-27c. Use of fund for student loans.
Sec. 3-27c. Use of fund for student loans. The funds of the Short Term Investment
Fund may be used by the State Treasurer to lend funds to be secured by, and to purchase,
invest and reinvest in, loans for educational purposes guaranteed by the Connecticut
Student Loan Foundation. Student loans purchased by the State Treasurer for the Short
Term Investment Fund may be sold by the State Treasurer with the proceeds of the sale
added to the Short Term Investment Fund. Such loans secured by student loans shall
be made under such terms and conditions as determined by the Treasurer.
(1972, P.A. 236, S. 3; P.A. 73-569, S. 1, 5; 73-575, S. 13, 15; P.A. 78-187, S. 1, 10; 78-236, S. 10, 20.)
History: P.A. 73-569 authorized loans secured by student loans; P.A. 73-575 added Subsec. (b) authorizing loans to
Connecticut foundation for the arts; P.A. 78-187 and P.A. 78-236 both replaced combined investment pool with short term
investment fund and P.A. 78-187 deleted Subsec. (b).