Commencing May 1, 1996 and on or before May 1 of each year thereafter, the Custodian of the Fund shall establish a budget which shall be an estimate of the revenues and expenses of the Fund for the subsequent fiscal year. The Custodian of the Fund shall consider the financial condition and liabilities of the Fund and shall provide for a contingency reserve in the budget.
Conn. Agencies Regs. § 31-349g-2