Connecticut Administrative Code

Regulations of Connecticut State AgenciesSec. 3-11-8. Waiver of rulesWhere good cause appears, the Treasurer or any presiding officer may permit deviation from sections 3-11-6 to 3-11-25, inclusive, of these rules, except where precluded by law. (Effective December 28, 1993) AUTH…

Regulations of Connecticut State AgenciesSec. 3-11-9. Construction and amendmentSections 3-11-6 to 3-11-25, inclusive, of these rules shall be construed by the Treasurer and any presiding officer as to secure just, speedy, and inexpensive determination of the issues presented her…

Regulations of Connecticut State AgenciesSec. 3-122a-1. Definitions.As used in this section and section 3-122a-2 of the Regulations of Connecticut State Agencies:(1) “Benefit Application Form” means the Comptroller form CO-607, rev. 08/24, or a successor form for surviving family…

Regulations of Connecticut State AgenciesSec. 3-122a-2. Eligibility Determination and Application Form.(a) Each police officer, upon beginning employment with a law enforcement unit, shall file a Beneficiary Form with such unit's human resources department. This form shall remain…

Regulations of Connecticut State AgenciesSec. 3-13j-1. DefinitionsAs used in sections 3-13j-1 to 3-13j-3, inclusive, of the Regulations of Connecticut State Agencies: (a) “Finder's fee” has the same meaning as provided in section 3-13l of the Connecticut General Statutes; (b) “In…

Regulations of Connecticut State AgenciesSec. 3-13j-2. Disclosure of third party fees(a) Any person or entity who would be a party to a contract for investment services with the Office of the Treasurer shall disclose to the Treasurer, in writing, all third party fees attributable…

Regulations of Connecticut State AgenciesSec. 3-13j-3. Public inspection of disclosuresInformation disclosed in accordance with section 3-13j-2 of the Regulations of Connecticut State Agencies shall be made available for public inspection in accordance with the Freedom of Informa…

Regulations of Connecticut State AgenciesSec. 3-13j-4. Effective date (Repealed) Repealed September 13, 2016.(Adopted effective July 5, 2002; Repealed September 13, 2016) AUTHORITY: Conn. Gen. Stat. § 3-13j

Regulations of Connecticut State AgenciesSec. 3-22h-1. ProceduresThese rules govern the practices and procedures for the operation of the Connecticut Higher Education Trust under the applicable laws of the State of Connecticut and in accordance with Section 529 of the federal Int…

Regulations of Connecticut State AgenciesSec. 3-22h-2. DefinitionsAs used in sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies: (1) “501(c) (3) Organization” means an organization described in Section 501(c)(3) of the Internal Revenue Code a…

Regulations of Connecticut State AgenciesSec. 3-22h-3. Purposes The purposes of the Trust are (a) to promote and enhance the affordability and accessibility of higher education for residents of the State of Connecticut, and (b) to enable Account Owners and Designated Beneficiarie…

Regulations of Connecticut State AgenciesSec. 3-22h-4. Program administration and managementThe Trust shall be administered and managed in compliance with the provisions of the Internal Revenue Code, regulations promulgated thereunder, published administrative guidance of the Uni…

Regulations of Connecticut State AgenciesSec. 3-22h-5. Trust participation and participation agreements(a) Designated Beneficiary Eligibility. A Designated Beneficiary may be any individual designated as such in an Application. (b) Account Owner Eligibility. An Account Owner may …

Regulations of Connecticut State AgenciesSec. 3-22h-6. Payment of benefits; withdrawals(a) Distributions. An Account Owner may request a Distribution from his or her Account by submitting a completed request for Distribution to the Trust in such form as the Trust may specify from…

Regulations of Connecticut State AgenciesSec. 3-22h-7. Investments(a) General Investment Standards and Objectives. The Trustee shall invest the funds on deposit in the Trust, together with any income thereon, in a manner that is reasonable and appropriate to achieve the objective…

Regulations of Connecticut State AgenciesSec. 3-22h-8. Additional funds(a) Administrative Fund. Pursuant to the authority in the Statute for the Trustee to establish one or more funds within the Trust, there is hereby created an Administrative Fund. All monies received by the Tru…

Regulations of Connecticut State AgenciesSec. 3-22h-9. SeverabilityIf any provision of sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies, or the application of it to any person or circumstance, is determined to be invalid by a court of compe…

Regulations of Connecticut State AgenciesSec. 3-27a-1a. DefinitionsAs used in sections 3-27a-1a to 3-27a-8a, inclusive, of the Regulations of Connecticut State Agencies: (1) \"Treasurer\" means the Treasurer of the State of Connecticut.(2) “Participant” means the individual fund …

Regulations of Connecticut State AgenciesSec. 3-27a-1—3-27a-7. (Repealed) Repealed December 1, 1996. AUTHORITY: Conn. Gen. Stat. § 3-27a

Regulations of Connecticut State AgenciesSec. 3-27a-2a. Funds eligible to participateIn order to be eligible to invest in the Short-Term Investment Fund the Participant shall be one named or identified in section 3-13c, 3-27a, 3-27b or 3-27f of the Connecticut General Statutes. (…

Regulations of Connecticut State AgenciesSec. 3-27a-3a. Sale and redemption of certificates of participation(a) The Treasurer may sell certificates of participation. The Treasurer shall not send formal evidence of participation, but shall provide (1) confirmations of daily transa…

Regulations of Connecticut State AgenciesSec. 3-27a-4a. Participant interest distributions(a) Participant interest shall be determined daily based on the actual earnings of the fund, net of administrative expenses, accounting adjustments, and allocations to the designated surplus…

Regulations of Connecticut State AgenciesSec. 3-27a-5a. ExpensesAll expenses incurred for the operation of the Short-Term Investment Fund shall be paid from the fund and charged as expenses prior to determining daily Participant interest. (Effective December 1, 1996; Amended Sept…

Regulations of Connecticut State AgenciesSec. 3-27a-6a. Designated surplus reserve(a) The Short-Term Investment Fund shall maintain a designated surplus reserve for possible use in cases of portfolio losses. (b) Daily allocations to the designated surplus reserve shall be paid fr…

Regulations of Connecticut State AgenciesSec. 3-27a-7a. Account for the fund(a) The accounting for the Short-Term Investment Fund shall be consistent with generally accepted accounting principles. (b) Interest payable to Participants shall accrue on a daily basis.(c) Financial st…

Regulations of Connecticut State AgenciesSec. 3-27a-8a. Investment policyThe Treasurer shall invest funds of the Short-Term Investment Fund as authorized in sections 3-27c and 3-27d of the Connecticut General Statutes and in accordance with a written investment policy. Such polic…

Regulations of Connecticut State AgenciesSec. 3-27a-9a. Effective date (Repealed) Repealed September 13, 2016.(Effective December 1, 1996; Repealed September 13, 2016) AUTHORITY: Conn. Gen. Stat. § 3-27a

Regulations of Connecticut State AgenciesSec. 3-31b-1. DefinitionsAs used in sections 3-31b-1 to 3-31b-11, inclusive, of the Regulations of Connecticut State Agencies: (1) “Treasurer” means the Treasurer of the State of Connecticut.(2) “Participant” means a retirement or trust fu…

Regulations of Connecticut State AgenciesSec. 3-31b-10. Accounting treatment for combined investment fundsAbsent specific regulations to the contrary, all accounting for the combined investment funds shall follow Generally Accepted Accounting Principles (GAAP) as promulgated unde…

Regulations of Connecticut State AgenciesSec. 3-31b-11. Accounting treatment of bonds purchased at discount or premium(a) Liquidity Fund (1) When bonds are purchased at a premium, the amount of the premium shall be amortized daily on a straight line basis over the life of the bon…

Regulations of Connecticut State AgenciesSec. 3-31b-2. Funds eligible to participateIn order to be eligible for participation in any of the combined investment funds, the Participant shall meet the following criteria: (a) Be under the control of the Treasurer for investment or cu…

Regulations of Connecticut State AgenciesSec. 3-31b-3. Combined investment funds(a) Currently there are twelve combined investment funds, but additional funds may be created by the Treasurer if considered appropriate. The combined investment funds may be collectively referred to …

Regulations of Connecticut State AgenciesSec. 3-31b-4. Ownership of assets of each fund(a) Each Participant in each combined investment fund shall have an undivided interest in all the assets of such combined fund. Such interest shall be represented by the number of units owned b…

Regulations of Connecticut State AgenciesSec. 3-31b-5. Admission and withdrawal from each combined investment fundThe actual admission to or withdrawal from each combined investment fund shall be processed only after the fund is valued on a valuation date described in section 3-3…

Regulations of Connecticut State AgenciesSec. 3-31b-6. Fiscal year and valuation dates(a) The fiscal year of the funds shall be the same as the fiscal year of the State.(b) Valuation date for each fund shall be as follows:(1) Liquidity Fund shall be as of the close of each busine…

Regulations of Connecticut State AgenciesSec. 3-31b-7. Distribution of income(a) Except for the Liquidity Fund, net income received by the combined investment funds during the preceding valuation month shall be distributed ratably as dividends to Participants in accordance with t…

Regulations of Connecticut State AgenciesSec. 3-31b-8. Method of valuation of each unitThe combined investment funds shall be valued as of the close of business on each valuation date as follows: (a) Securities listed on exchanges registered with the U.S. Securities and Exchange …

Regulations of Connecticut State AgenciesSec. 3-31b-9. Cost value per unit for the participant and cost value for the funds(a) Each Participant’s cost value per unit shall be determined by dividing the total cost of each Participant’s applicable contributions by the number of uni…

Regulations of Connecticut State AgenciesSec. 3-77-1. Creation and authorityThe Secretary of the State was established following the adoption of the Fundamental Orders of Connecticut in 1638. The Secretary of the State has a constitutional mandate and over fifty statutory mandate…

Regulations of Connecticut State AgenciesSec. 3-77-10. Elections services divisionThe Elections Services Division:(a) Resolves questions of statutory interpretation involving State election and primary law; provides general advice to local officials in matters concerning home rul…

Regulations of Connecticut State AgenciesSec. 3-77-11. Application and constructionThe rules herein govern practice and procedure before the Secretary of the State except where otherwise provided by law. (Effective September 26, 1988) AUTHORITY: Conn. Gen. Stat. § 3-77

Regulations of Connecticut State AgenciesSec. 3-77-12. DefinitionsThe definitions provided by Conn. Gen. Stat. Sec. 4-166 shall govern the interpretation and application of these rules, unless the context otherwise requires. (Effective September 26, 1988) AUTHORITY: Conn. Gen. St…

Regulations of Connecticut State AgenciesSec. 3-77-13. Contested cases(a) In a contested case, all parties shall be afforded an opportunity for hearing after reasonable notice. (b) The notice in a contested case shall include: (1) a statement of the time, place and nature of the …

Regulations of Connecticut State AgenciesSec. 3-77-14. Conduct of adjudicative hearings in contested cases(a) Hearings in contested cases shall be public and shall be presided over by the Secretary of the State or his designated presiding officer. (b) Said Secretary of the State …

Regulations of Connecticut State AgenciesSec. 3-77-15. Transcript of the proceedings(a) At the close of the reception of evidence, the respondent or any other party of record may file a written request addressed to the presiding officer for a written transcript of the proceedings…

Regulations of Connecticut State AgenciesSec. 3-77-16. Informal disposition in contested casesUnless precluded by law, informal disposition may be made of any contested case by stipulation, agreed settlement, consent order, or default upon order of the Secretary of State. (Effect…

Regulations of Connecticut State AgenciesSec. 3-77-17. The record in contested cases and findings of fact(a) The record in a contested case shall include: (1) All motions, pleadings and intermediate rulings;(2) The evidence received or considered;(3) Questions and offers of proof…

Regulations of Connecticut State AgenciesSec. 3-77-18. Proposal for decisionWhen in a contested case the Secretary of State has not heard the case or read the record, the decision, if adverse to a party to the proceeding other than the office of the Secretary of the State, shall …

Regulations of Connecticut State AgenciesSec. 3-77-19. Final decision in a contested case(a) The final decision or order in a contested case shall be rendered by the Secretary of the State after due consideration of the entire record. If no written request was filed for the prepa…

Regulations of Connecticut State AgenciesSec. 3-77-2. Basic organization(a) The office of the Secretary of the State is basically composed of the following divisions: Management & Support Services; Records & Legislative Services; Commercial Recording; and Elections Services. The …