Sec. 3-27d. Investment of funds of the Short Term Investment Fund.
Sec. 3-27d. Investment of funds of the Short Term Investment Fund. The Treasurer is also authorized to invest and reinvest such funds of the Short Term Investment
Fund in accordance with the provisions of the general statutes relating to the investment
of savings banks, or in the United States government obligations, United States agency
obligations, United States postal service obligations, certificates of deposit, commercial
paper, corporate bonds, saving accounts and bank acceptances, including in such investment or reinvestment the sale or acquisition of securities or obligations, which the Treasurer is authorized to sell or acquire for purposes of said Short Term Investment Fund,
subject to repurchase agreements in the manner in which such agreements are negotiated
in sales of such securities or obligations in the marketplace.
(1972, P.A. 236, S. 4; P.A. 73-569, S. 2, 5; P.A. 78-236, S. 11, 20; P.A. 81-181, S. 1, 2.)
History: P.A. 73-569 deleted provision limiting investments to funds not necessary for student loans, replacing it with
provision allowing investment in accordance with provisions governing investments of saving banks and included corporate
bonds as permitted investments; P.A. 78-236 replaced combined investment pool with short term investment fund; P.A.
81-181 provided statutory authority for the treasurer to sell or acquire securities for the short term investment fund subject
to repurchase agreements.