Sec. 4-54. Management of trustee accounts.
Sec. 4-54. Management of trustee accounts. (a) The management of such accounts may be under the control of students or employees other than those adjudged
mentally ill but shall be under the supervision of the administrative head of the institution
or agency, except that such accounts shall be under the total control of students under
conditions hereinafter provided. The person acting as treasurer of any such account shall
be bonded in an amount determined by the State Insurance and Risk Management Board.
(b) Where the duly constituted student government at any public institution of
higher education or where by petition five per cent of the students enrolled at such
institution and paying activity fees seeks to establish total control and administration
of the student trustee account at such institution, a referendum shall be held on the
question. Such referendum shall be conducted by secret ballot and notice of such referendum shall be given to the students at such institution at least fourteen days prior to such
referendum. Upon approval by a majority of at least forty per cent of all students enrolled
in the institution and paying activity fees, the duly constituted student government of
such institution shall become responsible for the control and administration of such
account. Pursuant to this subsection any student government controlling student trustee
accounts shall establish a finance committee whose duty it shall be to hold hearings on
budget requests and expenditures of such accounts and to recommend the allocation of
such accounts to the student government. Such student government shall have as one
of its officers a duly elected treasurer who shall be accountable for such accounts and
be bonded in accordance with the provisions of subsection (a) of this section.
(c) A referendum on whether to continue student control of such account shall be
held upon the petition by five per cent of the students enrolled at such institution and
paying activity fees. Such referendum shall be held in accordance with the provisions
of subsection (b) of this section. Where a majority of those voting in such referendum
disapprove of the continuation of student control over such accounts, supervision of
such accounts shall be vested in the administrative head of the institution in accordance
with subsection (a) of this section.
(d) Notwithstanding any provisions of this section, a referendum on whether to
continue student control of such account shall be held at least every four years in accordance with the provisions of subsection (b) of this section. Such referendum shall require
approval by a majority of at least forty per cent of all students enrolled in the institution
and paying activity fees.
(1949 Rev., S. 299; June, 1955, S. 112d; 1972, P.A. 241, S. 2; P.A. 77-414, S. 1; P.A. 91-217, S. 2; P.A. 98-42, S. 4,
8; P.A. 99-51, S. 4, 9; 99-145, S. 17, 23; P.A. 02-107, S. 3.)
History: 1972 act replaced committee on bonding of state officers with state insurance purchasing board; P.A. 77-414
added Subsecs. (b) to (d), inclusive, setting out conditions for total student control of student activity funds; P.A. 91-217
amended Subsec. (a) by deleting reference to inmates; P.A. 98-42 amended Subsec. (a) by inserting "or agency" after
"institution", effective July 1, 1998; P.A. 99-51, effective May 27, 1999, and P.A. 99-145, effective June 8, 1999, both
amended Subsec. (a) to substitute "State Insurance and Risk Management Board" for "State Insurance Purchasing Board";
P.A. 02-107 renamed activity fund as trustee account and made technical changes, effective July 1, 2002.