If any school district, formerly existing in a town in which the school districts have been or shall be abolished or consolidated, has received a permanent fund for the support of a school or schools in such district, the treasurer of the town shall have charge of it and keep a separate account thereof; and the income of such fund shall be held subject to the order of the board of education, which shall apply it for the benefit of the school or schools within or nearest to the limits of the district formerly existing, in such manner as to carry out, as nearly as possible, the intent of the grantor of such fund.
(1949 Rev., S. 1543; P.A. 78-218, S. 177.)
History: P.A. 78-218 deleted “town” in phrase “subject to the order of the town board of education”.
See Sec. 10-258 re administration of trust funds.
Structure Connecticut General Statutes
Title 10 - Education and Culture
Section 10-240. - Control of schools.
Section 10-241. - Powers of school districts.
Section 10-241a. - Taking of site by eminent domain.
Section 10-241b. - Cooperative agreements re administrative and central office functions.
Section 10-243. - Treasurer and clerk.
Section 10-244. - Payment of expenses.
Section 10-244b. - Notification re hiring of certain central office administrative personnel.
Section 10-245. - Formation of school districts.
Section 10-246. - Sale of property of former districts.
Section 10-247. - Management of permanent funds.
Section 10-248. - Payment of school expenses.
Section 10-248a. - Unexpended education funds account.
Section 10-248b. - Agreements re provision of noneducational services.