Public-domain · open source
OpenJurist

Conn. Gen. Stat. § 3-36a

Connecticut Baby Bond Trust: Definitions

(P.A. 21-111, S. 103; P.A. 22-118, S. 327; 22-131, S. 2; P.A. 23-204, S. 149.) History: P.A. 21-111 effective July 1, 2021; P.A. 22-118 amended Subdiv

As used in this section and sections 3-36b to 3-36h , inclusive:

(1) “Designated beneficiary” means an individual born on or after July 1, 2023, whose birth was subject to medical coverage provided under HUSKY Health, as defined in section 17b-290 ;

(2) “Eligible expenditure” means an expenditure associated with any of the following, each as prescribed by the Treasurer: (A) Education of a designated beneficiary; (B) purchase of a home in Connecticut by a designated beneficiary; (C) investment in a business in Connecticut by a designated beneficiary; or (D) any investment in financial assets or personal capital that provides long-term gains to wages or wealth; and

(3) “Trust” means the Connecticut Baby Bond Trust.

Official source: Connecticut General Assembly. Reproduced from public-domain Connecticut statutes; confirm against the official source for the current text. Not legal advice.