Sec. 4-29b. Use of indirect cost recoveries.
Sec. 4-29b. Use of indirect cost recoveries. Any state agency which receives indirect cost recoveries from federal grant funds or other sources, when such recoveries
apply to costs originally paid from the General Fund, shall deposit such cost recoveries
with the Treasurer, to the credit of General Fund revenues, unless such deposit is waived
by the Secretary of the Office of Policy and Management. This section does not apply
to any applicable surcharges on assessments recovered by the state pursuant to sections
12-586g and 12-586f. For purposes of this section "state agency" does not include any
constituent unit of the state system of higher education or any state institution of higher
education.
(P.A. 00-192, S. 28, 102; June Sp. Sess. P.A. 01-6, S. 15, 85; June Sp. Sess. P.A. 01-9, S. 41, 131.)
History: P.A. 00-192 effective July 1, 2000; June Sp. Sess. P.A. 01-6 provided that section does not apply to certain
recoveries under Secs. 12-586g and 12-586f, effective July 1, 2001; June Sp. Sess. P.A. 01-9 changed "overhead charges"
to "surcharges" re Secs. 12-586g and 12-586f, effective July 1, 2001.