Conn. Gen. Stat. § 3-36a

Current with legislation from 2024 effective through June 5, 2024.

Section 3-36a - Connecticut Baby Bond Trust: Definitions

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.

Conn. Gen. Stat. § 3-36a

Amended by P.A. 23-0204, S. 149 of the Connecticut Acts of the 2023 Regular Session, eff. 6/12/2023.

Amended by P.A. 22-0131, S. 2 of the Connecticut Acts of the 2022 Regular Session, eff. 10/1/2022.

Amended by P.A. 22-0118, S. 327 of the Connecticut Acts of the 2022 Regular Session, eff. 5/7/2022.

Added by P.A. 21-0111, S. 103 of the Connecticut Acts of the 2021 Regular Session, eff. 7/1/2021.