The authority shall have power to contract with the holders of any of its bonds or notes as to the custody, collection, securing, investment and payment of any reserve funds of the authority, or of any moneys held in trust or otherwise for the payment of bonds or notes, and to carry out such contracts. Any officer with whom, or any bank or trust company with which, such moneys shall be deposited as trustee thereof shall hold, invest, reinvest and apply the same for the purposes thereof, subject to such provisions as this chapter and the resolution authorizing the issue of the bonds or notes or the trust agreement securing such bonds or notes may provide.
(P.A. 92-261, S. 10, 17; May Sp. Sess. P.A. 04-1, S. 30.)
History: May Sp. Sess. P.A. 04-1 specified that an officer with whom funds are deposited may invest or reinvest such funds, effective June 8, 2004.
Structure Connecticut General Statutes
Title 10a - State System of Higher Education
Chapter 187 - Connecticut Health and Educational Facilities Authority
Section 10a-176. (Formerly Sec. 10-335). - Declaration of policy.
Section 10a-177. (Formerly Sec. 10-336). - Short title.
Section 10a-178. (Formerly Sec. 10-337). - Definitions.
Section 10a-180. (Formerly Sec. 10-339). - Powers of authority.
Section 10a-181. (Formerly Sec. 10-340). - Payment of expenses.
Section 10a-182. (Formerly Sec. 10-341). - Acquisition of property by authority.
Section 10a-183. (Formerly Sec. 10-342). - Conveyance of title to participating institutions.
Section 10a-184. (Formerly Sec. 10-343). - Notes of authority.
Section 10a-185. (Formerly Sec. 10-344). - Bonds.
Section 10a-186. (Formerly Sec. 10-345). - Trust agreement to secure bonds.
Section 10a-186c. - State Treasurer may advance funds re qualified nursing homes.
Section 10a-187. (Formerly Sec. 10-346). - Payment of bonds.
Section 10a-187a. - Pledge by state as to limitation or alteration of rights vested in authority.
Section 10a-188. (Formerly Sec. 10-347). - Rents and charges.
Section 10a-189. (Formerly Sec. 10-348). - Use of bond proceeds and revenues.
Section 10a-190. (Formerly Sec. 10-349). - Enforcement of rights and duties.
Section 10a-190a. - Contracts with bondholders regarding funds of the authority.
Section 10a-191. (Formerly Sec. 10-350). - Tax exemption.
Section 10a-192. (Formerly Sec. 10-351). - Refunding bonds.
Section 10a-193. (Formerly Sec. 10-352). - Bonds declared legal investments.
Section 10a-194. (Formerly Sec. 10-353). - Report to Governor by authority.
Section 10a-194a. - Report to Commissioner of Social Services by authority regarding nursing homes.
Section 10a-194c. - Connecticut Child Care Facilities Program.
Section 10a-194d. - Subsidiary.
Section 10a-194f. - Captive Insurance Demonstration Program Grant Fund.
Section 10a-194g. - Financing of costs of digitizing patient records.
Section 10a-194h. - Loans to nonprofit organizations for preschool projects.
Section 10a-194i. - Loans to nursing homes for installation of automatic fire extinguishing systems.
Section 10a-195. (Formerly Sec. 10-354). - Pledge by state to bondholders and contractors.
Section 10a-197. (Formerly Sec. 10-356). - Liberal construction.
Section 10a-198. (Formerly Sec. 10-357). - Chapter controlling over inconsistent law.