Sec. 4-56. Separate account for student or client funds.
Sec. 4-56. Separate account for student or client funds. Unless otherwise provided by the donor, all gifts, donations or bequests made to the students or clients of
any state educational institution or medical or welfare agency as a group, unclaimed
funds accumulated from money deposited for the use of students or clients in any such
state institution or agency, and the interest on any such money, shall be placed in a
separate account at such institution or agency and shall be used in accordance with
procedures prescribed by the Comptroller, for the benefit of the students or clients of
such institution or agency in any manner which the governing board of such institution
or agency deems suitable.
(1949 Rev., S. 301; 1967, P.A. 29, S. 2; P.A. 77-614, S. 19, 610; P.A. 84-130, S. 2, 3; P.A. 91-217, S. 3; P.A. 98-42,
S. 6, 8; P.A. 02-107, S. 5.)
History: 1967 act changed wording slightly; P.A. 77-614 replaced commissioner of finance and control with secretary
of the office of policy and management; P.A. 84-130 replaced reference to secretary of office of policy and management
with reference to comptroller; P.A. 91-217 removed references to "inmates" and "correctional institutions"; P.A. 98-42
substituted "clients" for "patients", "state educational institution or medical or welfare agency" for "state educational,
medical or welfare institution" and "general welfare fund" for "institutional general welfare fund", effective July 1, 1998;
P.A. 02-107 replaced "fund" with "account" and deleted provisions re general welfare fund, effective July 1, 2002.
See Sec. 4-53 re transfer of activity fund surplus to institutional general welfare fund.