(a) CT CARE shall provide victims' relief and assistance to individuals, municipalities, nonprofit organizations and other eligible recipients affected by an eligible incident. Upon the declaration of each eligible incident, the board shall establish the following funds to provide victims' relief and assistance as indicated: (1) A victims' relief fund to provide victims' relief in accordance with the formula adopted by the board pursuant to subdivision (7) of subsection (c) of section 4-37s; (2) an individual assistance fund to provide needs-based assistance to affected individuals; and (3) a public assistance fund to provide local emergency funding to affected municipalities, nonprofit organizations and other eligible recipients. Such funds shall contain moneys disbursed to CT CARE by the State Treasurer pursuant to section 4-37t. For each eligible incident, the board may establish such other funds as it deems necessary or desirable to provide coordinated emergency recovery with respect to each eligible incident.
(b) In the event the moneys in any of the funds established pursuant to subsection (a) of this section, other than the victims' relief fund, are insufficient to provide full and complete assistance, such assistance shall be provided on a pro rata basis at the discretion of the board. Victims' relief or assistance provided under this section shall be deemed unavailable for repayment of assistance given by the Federal Emergency Management Agency.
(c) The board may establish permanent endowment funds, including, but not limited to, a permanently unrestricted fund to pay for the operating expenses of CT CARE. Any such endowment funds shall be administered by the board and shall be held in a trust fund with a bank or trust company separate and apart from all other funds and accounts of CT CARE. There shall be deposited into any such endowment fund: (1) Endowment fund eligible gifts, and (2) interest or other income earned on the investment of moneys in such endowment fund pending application or transfer or use of earnings on the principal thereof for the purposes for which such fund was established.
(P.A. 13-275, S. 7.)
History: P.A. 13-275 effective July 11, 2013.
Structure Connecticut General Statutes
Title 4 - Management of State Agencies
Chapter 47 - State Property and Funds
Section 4-24a and 4-24b. - Capitol Center Commission. Director and staff; contracts; federal aid.
Section 4-28a. - Advisory commission.
Section 4-28e. - Tobacco Settlement Fund. Disbursements.
Section 4-28j. - Cigarette manufacturers: Compliance with escrow requirements. Penalties.
Section 4-28k. - Cigarette manufacturers: Enforcement. Definitions.
Section 4-28l. - Cigarette manufacturers: Enforcement. Certification.
Section 4-28m. - Cigarette manufacturers: Directory. Violations of law. Review.
Section 4-28n. - Cigarette manufacturers: Agents for service of process. Bonds or other security.
Section 4-28r. - Cigarette manufacturers: Severability of provisions.
Section 4-29. - Use of appropriations in conjunction with federal funds.
Section 4-29a. - Revenue sharing funds.
Section 4-29b. - Use of indirect cost recoveries.
Section 4-29c. - Certain securities-related funds.
Section 4-30. - Borrowing money for the Transportation Department.
Section 4-31. - Disposition of insurance funds.
Section 4-31b. - Annual statement re internal service fund operations.
Section 4-31c. - Grants and Restricted Accounts Fund.
Section 4-31d. - System to track federal and alternative grant funding. Liaisons. Report.
Section 4-32. - State revenue accounting.
Section 4-33. - Deposit of public money and trust funds.
Section 4-36. - Inventory and list of state property.
Section 4-37. - Payment to persons entitled to refund of money paid to state.
Section 4-37d. - Financial management task force.
Section 4-37g. - Review of foundation audit reports. Audit by Auditors of Public Accounts.
Section 4-37h. - Procedures for foundation solicitations.
Section 4-37r. - Coordinated emergency recovery. Definitions.
Section 4-37t. - Coordinated emergency recovery. Fund. Disbursements to CT CARE.