reglab/statecodes huggingface dataset:
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article II - Scope and Construction of Rules › Part 3 - Requirements for Applications and Petitions, General Provisions › Section 3-11-20 - Required components, general

Current through July 10, 2024
(a)
Form.
The form to be followed in the filing of petitions and applications hereunder will vary to the extent necessary to provide for the nature of the legal rights, duties or privileges involved therein. In addition to the special provisions for particular types of petitions and applications provided by sections 3-11-6 to 3-11-25, inclusive, of these regulations, all petitions and applications shall include the following components:
(1) Each petition or application shall incorporate a statement setting forth clearly and concisely the authorization or other relief sought. The statement shall cite by appropriate reference the statutory provision or other authority under which such authorization or relief is to be granted by the Treasurer.
(2) The exact legal name of each person seeking the authorization or relief and the address or principal place of business of each such person. If any applicant or petitioner is a corporation, trust association or other organized group, it shall also give the state under the laws of which it was created or organized.
(3) The name, title, address and telephone number of the attorney or other person to whom correspondence or communications in regard to the petition or application shall be addressed. Notice, orders and other papers may be served upon the person so named; and such service shall be deemed to be service upon the petitioner or applicant.
(4) A concise and explicit statement of the facts on which the Treasurer is expected to rely in granting, the authorization or other relief sought.
(5) An explanation of any unusual circumstances involved in the petition or application to which the Treasurer will be expected to direct particular attention, including the existence of emergency conditions or any request for the granting of interlocutory relief by way of an interim order in the proceeding.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article II - Scope and Construction of Rules › Part 3 - Requirements for Applications and Petitions, General Provisions › Section 3-11-21 - Original records

Current through July 10, 2024
When so required, the petitioner or applicant shall furnish and make available for the use of the Treasurer the original books, papers, and documents from which any evidence supporting the granting of the petition or application is derived. Failure to furnish records as directed may be grounds for rejecting any component and, if appropriate, for the entry of a decision denying the petition or application.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article II - Scope and Construction of Rules › Part 3 - Requirements for Applications and Petitions, General Provisions › Section 3-11-22 - Fees

Current through July 10, 2024
(a) All application fees or other charges required or authorized by law shall be paid to the Treasurer by check or money order made payable to the Treasurer, State of Connecticut, at the time that the application is filed. Unless otherwise required by law, he may return it, with any fee that was submitted with it, to the applicant for correction.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article II - Scope and Construction of Rules › Part 3 - Requirements for Applications and Petitions, General Provisions › Section 3-11-23 - Date of filing, components, deficiencies

Current through July 10, 2024
(a) The date of filing of any application with the Treasury shall be the date that the application is received by the Treasurer.
(b) An application shall consist of all of the required components and any special components set forth in sections 3-11-6 to 3-11-25, inclusive, of these regulations.
(c) Any application or petition which is incomplete or not in conformity with sections 3-11-6 to 3-11-25, inclusive, of these regulations may be rejected by the Treasurer.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article II - Scope and Construction of Rules › Part 4 - Requirements for Applications and Petitions, Special Provisions › Section 3-11-24 - Petition requesting the promulgation, amendment or repeal of regulations

Current through July 10, 2024
(a)
General.
Any interested person may at any time petition the Treasurer requesting the promulgation, amendment or repeal of a regulation.
(b)
Form.
The petition shall conform to the general provisions of sections 3-11-6 to 3-11-25, inclusive, of these regulations where applicable and, in addition, shall set forth clearly and concisely the text of the proposed regulation or amendment or the provisions sought to be repealed. The petition shall also state the facts and arguments on which the petitioner relies either in the petition or in a brief annexed thereto.
(c)
Decision on petition.
Upon receipt of the petition, the Treasurer shall within thirty (30) days determine whether to deny the petition or to initiate regulation making proceedings in accordance with law.
(d)
Procedure on denial.
If the Treasurer denies the petition, the Treasurer shall give the petitioner notice in writing, stating the reasons for the denial.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article II - Scope and Construction of Rules › Part 4 - Requirements for Applications and Petitions, Special Provisions › Section 3-11-25 - Petition for declaratory ruling

Current through July 10, 2024
(a)
General.
In addition to the provisions of Chapter 54, sections 3-11-6 to 3-11-25, inclusive, of these rules set forth the procedure to be followed by the Treasurer in the disposition of petitions for declaratory rulings as to the applicability of any statutory provision or of any regulation or order of the Treasurer.
(b)
Form of petition for declaratory ruling.
Any interested person may at any time petition for a declaratory ruling from the Treasurer with respect to the applicability to such petitioner of any statute, regulation or order enforced, administered, or promulgated by the Treasurer. Such petition shall be filed in accordance with the applicable provisions of sections 3-11-6 to 3-11-25, inclusive, of these regulations and shall in addition:
(1) state clearly and concisely the substance and nature of the request;
(2) identify the statute, regulation or order concerning which the inquiry is made; and
(3) identify the particular aspect thereof to which the inquiry is directed. The petition for a declaratory ruling shall be accompanied by a statement of any supporting data, facts, and arguments that support the position of the person making the inquiry.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-26 - Definitions

Current through July 10, 2024
The following definitions shall apply to sections 3-11-26 to 3-11-33, inclusive of these regulations:
(a) "Category of Personal Data" means the classifications of personal information set forth in the Personal Data Act, Conn. Gen. Stat. 4-190 (9).
(b) "Other Data" means any information which because of name, identification number, mark or description can be readily associated with a particular person.
(c) Terms defined in Conn. Gen. Stat. Sec. 4-190 shall apply to sections 3-11-26 to 3-11-33, inclusive of these regulations.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-27 - General nature and purpose of personal data

Current through July 10, 2024
The Office of the Treasurer maintains the following personal data systems:
(a)
Personnel Records
(1) All personnel records are maintained in the Personnel Office, Office of the Treasurer, 55 Elm Street, Hartford, Connecticut.
(2) Personnel records are maintained in manual and automated form.
(3) Personnel records are maintained for the purpose of retaining payroll, health, discipline and related personnel information concerning employees of the Office of the Treasurer.
(4) Personnel records are the responsibility of the Personnel Office, Office of the Treasurer, Hartford, Connecticut. All requests for disclosure or amendment of these records shall be directed to the Personnel Administrator.
(5) Routine sources for information retained in personnel records include the employee, previous employers of the employee, references provided by applicants for employment, the employee's supervisor, the Comptroller's Office, the Department of Administrative Services, and State insurance carriers.
(6) Personal data in personnel records is collected, maintained and used under authority of the State Personnel Act, sections 5-193 to 5-268, inclusive, of the Connecticut General Statutes.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-28 - Categories of personal data

Current through July 10, 2024
(a)
Personnel Records
(1) The following categories of personal data may be maintained in personnel records:
(A) Educational records.
(B) Medical or emotional condition or history.
(C) Employment or business history.
(D) Other reference records.
(E) Family or personal relationship records.
(F) Addresses and telephone numbers.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-30 - Disclosure of personal data

Current through July 10, 2024
(a) Within four business days of receipt of a written request therefor, the Office of the Treasurer shall mail or deliver to the requesting individual a written response in plain language, informing him/her as to whether or not the Agency maintains personal data on that individual, the category and location of the personal data maintained on that individual and procedures available to review the records.
(b) Except where nondisclosure is required or specifically permitted by law, the Office of the Treasurer shall disclose to any person upon written request all personal data concerning that individual which is maintained by the Office. The procedures for disclosures shall be in accordance with the Freedom of Information Act, sections 1-200 to 1-242, inclusive, of the Connecticut General Statutes. If the personal data is maintained in coded form, the Office of the Treasurer shall transcribe the data into a commonly understandable form before disclosure.
(c) The Office of the Treasurer is responsible for verifying the identity of any person requesting access to his/her own personal data.
(d) The Office of the Treasurer is responsible for ensuring that disclosure made pursuant to the Personal Data Act is conducted so as not to disclose any personal data concerning persons other than the person requesting the information.
(e) The Office of the Treasurer may refuse to disclose to a person medical, psychiatric or psychological data on that person if the agency determines that such disclosure would be detrimental to that person.
(f) In any case where the Office of the Treasurer refuses disclosure, it shall advise that person of his/her right to seek judicial relief pursuant to the Personal Data Act.
(g) If the Office of the Treasurer refuses to disclose medical, psychiatric or psychological data to a person based on its determination that disclosure would be detrimental to that person and non-disclosure is not mandated by law, the Agency shall, at the written request of such person, permit a qualified medical doctor to review the personal data contained in the person's record to determine if the personal data should be disclosed. If disclosure is recommended by the person's medical doctor, the agency shall disclose the personal data to such person; if nondisclosure is recommended by such person's medical doctor, the Agency shall not disclose the personal data and shall inform such person of the judicial relief provided under the Personal Data Act.
(h) The Office of the Treasurer shall maintain a complete log of each person, individual, agency or organization who has obtained access or to whom disclosure has been made of personal data under the Personal Data Act, together with the reason for each such disclosure or access. This log shall be maintained for not less than five years from the date of such disclosure or access or for the life of the personal data record, whichever is longer.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-31 - Contesting the content of personal data records

Current through July 10, 2024
(a) Any person who believes that the Office of the Treasurer is maintaining inaccurate, incomplete or irrelevant personal data concerning him/her may file a written request with the Agency for correction of said personal data.
(b) With 30 days of receipt of such request, the Office of the Treasurer shall give written notice to that person that it will make the requested correction, or if the correction is not to be made as submitted, the agency shall state the reason for its denial of such request and notify the person of his/her right to add his own statement to his/her personal data records.
(c) Following such denial by the Office of the Treasurer, the person requesting such correction shall be permitted to add a statement to his or her personal data records setting forth what that person believes to be an accurate, complete and relevant version of the personal data in question. Such statements shall become a permanent part of the Agency's personal data system and shall be disclosed to any individual, agency or organization to which the disputed data is disclosed.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-32 - Uses to be made of the personal data

Current through July 10, 2024
(a)
Personnel Records
(1) Personnel records are routinely used for evaluating the qualifications of employment applicants, for processing promotions, reclassifications, transfers to another agency, retirements, and other personnel actions, and for evaluating the work performance of employees of the Office of the Treasurer. Users include the Personnel Administrator and other state officers and employees with responsibility for evaluating the work performance of employees of the agency, and others where permitted or required by law.
(2) The Office of the Treasurer retains personnel records according to guidelines published by the Public Records Administrator, Connecticut State Library.
Connecticut Administrative Code › Title 3 - State Elective Officers › 11 - Description of Organization-Rules of Procedure › Article III - Personal Data › Section 3-11-33 - Availability of regulations

Current through July 10, 2024
All the regulations and currently pending proposed regulations of the Office of the Treasurer shall be available for inspection during normal business hours at the Treasurer's principal office. Copies of all such regulations shall be available to any person on request. The Treasurer may charge a reasonable fee for each copy.
Connecticut Administrative Code › Title 3 - State Elective Officers › 13j - Disclosure of Third Party Fees-Compensation Related to Contracts for Investment Services › Section 3-13j-1 - Definitions

Current through July 10, 2024
As 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) "Investment services" has the same meaning as provided in section 9-612 of the Connecticut General Statutes;
(c) "Third party fees" has the same meaning as provided in section 3-13j of the Connecticut General Statutes; and
(d) "Treasurer" means the Treasurer of the State of Connecticut.
Connecticut Administrative Code › Title 3 - State Elective Officers › 13j - Disclosure of Third Party Fees-Compensation Related to Contracts for Investment Services › Section 3-13j-2 - Disclosure of third party fees

Current through July 10, 2024
(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 to such contract before any such contract may take effect.
(b) Any person or entity who is 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 to such contract. Such disclosure shall be made annually.
(c) Any disclosure required to be made under subsections (a) and (b) of this section shall be made in accordance with the provisions of subsections (d), (e) and (f) of this section, and shall be in a sworn affidavit in substantially the following form:
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(d) Where a provider of investment services discloses the payment of third party fees or agreements to pay third party fees, such provider shall explain how said payments or agreements fall within one or more of the following exceptions to the ban on finder's fees set forth in section 3-13l of the Connecticut General Statutes:
(1) Compensation earned for the rendering of legal services when provided by an attorney while engaged in the ongoing practice of law;
(2) Compensation earned for the rendering of investment services, other than legal services, when provided by an investment professional while engaged in the ongoing business of providing investment services;
(3) Compensation for placement agent, due diligence or comparable tangible marketing services when paid to a person who is an investment professional (i) engaged in the ongoing business of representing providers of investment services, or (ii) in connection with the issuance of bonds, notes or other evidence of indebtedness by a public agency;
(4) Compensation earned by a licensed real estate broker or real estate salesperson while engaging in the real estate business on an ongoing basis; or
(5) Payments for client solicitation activities meeting the requirements of Rule 206(4)-3 under the Investment Advisers Act of 1940.
Connecticut Administrative Code › Title 3 - State Elective Officers › 13j - Disclosure of Third Party Fees-Compensation Related to Contracts for Investment Services › Section 3-13j-3 - Public inspection of disclosures

Current through July 10, 2024
Information 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 Information Act, as defined in section 1-200 of the Connecticut General Statutes.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-1 - Procedures

Current through July 10, 2024
These 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 Internal Revenue Code (i.e., 26 U.S.C. 529 ) and the federal Treasury regulations (or proposed regulations) promulgated under Section 529 of the Internal Revenue Code. The provisions of Section 529 of the Internal Revenue Code and the Treasury regulations (or proposed regulations) promulgated thereunder are incorporated in sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies by reference and with the same effects as if fully set forth therein.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-3 - Purposes

Current through July 10, 2024
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 Beneficiaries to avail themselves of tax benefits provided for Qualified Tuition Programs under the Internal Revenue Code and the Connecticut General Statutes.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-4 - Program administration and management

Current through July 10, 2024
The Trust shall be administered and managed in compliance with the provisions of the Internal Revenue Code, regulations promulgated thereunder, published administrative guidance of the United States Department of the Treasury, the Statute and sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies. The Trustee shall take such steps as are necessary in order for the Trust to constitute a Qualified Tuition Program under Section 529 of the Internal Revenue Code. Procedures and forms for use in the administration and management of the Trust, or any Program thereof, shall be subject to the approval of the Trustee. If the Trustee contracts with a third party to provide services with respect to the administration and management of the Trust, or any Program thereof, the references in sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies to the Trust shall govern the performance of such services by such third party contractor.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-6 - Payment of benefits; withdrawals

Current through July 10, 2024
(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 time to time, with such certifications and supported by such documentation as is requested by the Trustee.
(b)
Distribution Limitations.
No Distribution may be made during the thirty-day period subsequent to the Trust's receipt of such completed change of Account Owner form or request to change the mailing address of the Account Owner, unless the current Account Owner's signature is signature guaranteed on the request. No Contribution may be distributed during the ten (10) days after the Trust's receipt of such Contribution.
(c)
Security.
No Account Owner, Designated Beneficiary, or any other Person shall use any Account or other interest in the Trust, or any portion thereof, as security for a loan.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-7 - Investments

Current through July 10, 2024
(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 objectives of the Trust, exercising the discretion and care of a prudent person in similar circumstances with similar objectives. The Trustee shall give due consideration to rate of return, risk, term or maturity, diversification of the total portfolio within the Trust, liquidity, the projected disbursements and expenditures, and the expected payments, deposits, contributions and gifts to be received. In accordance with the standards established in sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies and in the Statute, the Trustee may invest or may retain investment advisers, acting on behalf of the Trustee, to invest funds deposited in the Trust. Any such investment shall be made solely in the interest of the Account Owners and Designated Beneficiaries and for the exclusive purposes of providing benefits to Designated Beneficiaries for Qualified Higher Education Expenses and defraying reasonable expenses of administering the Program. An Account Owner or Designated Beneficiary shall not directly or indirectly direct the investment of any Contributions or Earnings of the Trust.
(b)
Delegation of Investment Discretion.
The Trust may delegate to its duly appointed investment adviser authority to act in place of the Trust in the investment or reinvestment of all or part of the funds, and may also delegate to such adviser the authority to act in place of the Trust in the holding, purchasing, selling, assigning, transferring or disposing of any or all of the securities and investments in which such funds shall have been invested, as well as the proceeds of such investments and such monies. Such investment adviser shall be registered as an investment adviser with the United States Securities and Exchange Commission unless exempt from registration.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-8 - Additional funds

Current through July 10, 2024
(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 Trust, other than Contributions from Account Owners and Earnings thereon, shall be deposited in the Administrative Fund. The Trustee also may withdraw an annual fee of up to .02% of the average daily net assets of each Program operated by the Trust to pay for the oversight of the Trust and shall deposit such amount into the Administrative Fund.
(1) The assets of the Administrative Fund shall be held separate from any other fund and invested as the Trustee shall deem appropriate. All earnings on deposits in the Administrative Fund shall be credited to the Administrative Fund.
(2) Pursuant to the Statute, the Administrative Fund shall be used to support the responsibilities of the Trustee, including meeting expenses for legal, actuarial, accounting, advisory, consulting, marketing and other administrative and financial management services.
(3) Pursuant to the Statute, the Trust may apply for, accept and expend gifts, grants, or donations from public or private sources to enable the Trust to carry out its objectives. These funds shall be deposited in the Administrative Fund, and shall be expended only for the purposes for which they were received.
(4) No funds shall be withdrawn, and no expenses shall be paid from the Administrative Fund except to meet the purposes of the Fund. All withdrawals and expenditures shall require the approval of at least two (2) of the following: the Treasurer, her designee for purposes of the Administrative Fund, the Chief Investment Officer, or the Deputy Chief Investment Officer.
Connecticut Administrative Code › Title 3 - State Elective Officers › 22h - Connecticut Higher Education Trust › Section 3-22h-9 - Severability

Current through July 10, 2024
If 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 competent jurisdiction, such invalidity shall not affect other provisions of sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies which can be given effect without the invalid provision or application, and to that end, the provisions of sections 3-22h-1 to 3-22h-9, inclusive, of the Regulations of Connecticut State Agencies are severable.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-1a - Definitions

Current through July 10, 2024
As used in sections 3-27a-1 a 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 or combined funds for which the Treasurer is custodian or trustee and all other agencies, instrumentalities and political subdivisions of the State whose funds are accepted by the Treasurer for investment purposes in the Short-Term Investment Fund.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-2a - Funds eligible to participate

Current through July 10, 2024
In 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.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-3a - Sale and redemption of certificates of participation

Current through July 10, 2024
(a) The Treasurer may sell certificates of participation. The Treasurer shall not send formal evidence of participation, but shall provide (1) confirmations of daily transactions, and (2) monthly statements of account balances.
(b) Certificates of participation shall be redeemed at the option of (1) the Treasurer, or (2) the Participant upon its giving notice to the Treasurer, in a manner and by a time prescribed by the Treasurer, on the day such redemption is requested.
(c) Certificates of participation shall be purchased by electronic funds transfer, check or other means approved by the Treasurer. Certificates of participation shall be redeemed by wire in same-day funds, or, at the Participant's request, by other means approved by the Treasurer.
(d) If the Treasurer determines that a deviation between the Short-Term Investment Fund's amortized cost and the market-based net asset value could affect the fund's net asset value per share, the Treasurer may temporarily suspend redemptions in order to determine a fair transaction price, pursuant to section 3-27a-6 a of the Regulations of Connecticut State Agencies.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-4a - Participant interest distributions

Current through July 10, 2024
(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 reserve.
(b) Participant interest shall be computed on the basis of the actual number of days in the year (365 or 366).
(c) Participant interest shall be paid monthly by (1) check, (2) reinvestment or (3) other means approved by the Treasurer within five business days of the end of each month.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-6a - Designated surplus reserve

Current through July 10, 2024
(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 from investment income prior to determining Participant interest, and shall equal, on an annualized basis, one-tenth of one percent of the fund's investments until the reserve equals, at a minimum, one percent of investments; except, the Treasurer may maintain a larger reserve when, in the Treasurer's discretion, adverse market conditions warrant such action.
(c) If net losses significant to the aggregate portfolio occur, they shall be charged against the designated surplus reserve in accordance with the Treasurer's investment policy. If losses are subsequently recovered, net recoveries shall be credited to the reserve.
(d) If losses exceed the amount then in the designated surplus reserve, the excess losses shall be charged to Participants' accounts pro rata.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-7a - Account for the fund

Current through July 10, 2024
(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 statements for the fund shall be prepared annually, and reports on the fund's investment performance and the fund's portfolio shall be prepared at least quarterly. The fund's fiscal year shall be the same as the State's fiscal year.
Connecticut Administrative Code › Title 3 - State Elective Officers › 27a - Combined Investment Pool › Interest, Reserve for Losses, and Investment Policy of the Short-Term Investment Fund › Section 3-27a-8a - Investment policy

Current through July 10, 2024
The 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 policy shall be distributed to Participants annually and whenever it is modified.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-1 - Definitions

Current through July 10, 2024
As 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 fund for which the Treasurer is custodian or trustee and which is in whole or part combined with other funds for investment purposes in accordance with section 3-31b of the Connecticut General Statutes.
(3) "Securities" means common stock, preferred stock, convertible preferred stock, bonds, debentures, convertible debentures, warrants, rights, mortgages, limited partnership interests, interests in limited liability corporations and all other evidences of investment or ownership.
(4) "Assets" and "liabilities" shall be defined by generally accepted accounting principles and shall include but not be limited to investments, cash, receivables and payables.
(5) "Cost Value Per Unit" means the Participant's U.S. dollar cost of acquiring ownership in the combined investment funds divided by the number of units received for such investment dollars. Market value per unit shall be determined based on the net asset value of the investment fund at market value as of the preceding month-end, except for the Liquidity Fund, which is calculated at the end of each business day.
(6) "Market Value Per Unit" means the market or fair value of a combined investment fund at a month-end divided by the units owned by Participants, except for the Liquidity Fund, which is calculated at the end of each business day.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-2 - Funds eligible to participate

Current through July 10, 2024
In 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 custodial purposes.
(b) Have the general characteristics of a perpetual fund, including but not limited to the characteristic of no specific termination date, except for short-term combined investment funds which may be established to accommodate short-term investments.
(c) Have investment objectives and investment authority comparable with the other Participants in the combined investment funds.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-3 - Combined investment funds

Current through July 10, 2024
(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 as the "State of Connecticut Retirement Plans and Trust Funds." All securities held in such combined investment funds may be held in nominee names designated by the master custodian bank engaged by the Treasurer. The funds now established are as follows:
(1) Liquidity Fund ("LF")
(2) Mutual Equity Fund ("MEF")
(3) Developed Market International Stock Fund ("DMISF")
(4) Emerging Market International Stock Fund ("EMISF")
(5) Real Estate Fund ("REF")
(6) Core Fixed Income Fund ("CFIF")
(7) Inflation Linked Bond Fund ("ILBF")
(8) Emerging Market Debt Fund ("EMDF")
(9) High Yield Bond Fund ("HYBF")
(10) Commercial Mortgage Fund ("CMF")
(11) Alternative Investment Fund ("AIF")
(12) Private Investment Fund ("PIF")
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-4 - Ownership of assets of each fund

Current through July 10, 2024
(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 by the individual Participant. The percentage of ownership of each Participant in each fund shall be determined by the number of units owned by the Participant divided by the total number of units outstanding for the fund. All units shall be equal in value without priority or preference.
(b) Formal certificates of participation shall not be issued to the Participants but accurate evidence of ownership shall be maintained by the Treasurer and shall be reported at least quarterly to all Participants.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-5 - Admission and withdrawal from each combined investment fund

Current through July 10, 2024
The 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 3-31b-6 of the Regulations of Connecticut State Agencies. Except for the initial contribution to the fund and upon such other exceptions made by the Treasurer, admission to and withdrawal from any combined investment fund shall be made solely in cash through the purchase or sale of units. The purchase and sales price of such units shall be the market value per unit of the fund as determined under these regulations.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-6 - Fiscal year and valuation dates

Current through July 10, 2024
(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 business day.
(2) Mutual Equity Fund shall be the last day of each month.
(3) Developed Market International Stock Fund shall be the last day of each month.
(4) Emerging Market International Stock Fund shall be the last day of each month.
(5) Real Estate Fund shall be the last day of each month.
(6) Core Fixed Income Fund shall be the last day of each month.
(7) Inflation Linked Bond Fund shall be the last day of each month.
(8) Emerging Market Debt Fund shall be the last day of each month.
(9) High Yield Bond Fund shall be the last day of each month.
(10) Commercial Mortgage Fund shall be the last day of each month.
(11) Alternative Investment Fund shall be the last day of each month.
(12) Private Investment Fund shall be the last day of each month.
(13) Other funds shall have a valuation date as determined by the Treasurer when the fund is established.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-7 - Distribution of income

Current through July 10, 2024
(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 their unit holdings as follows:
(1) Dividends, the amount and frequency to be determined by the Treasurer, shall be declared and paid by the Treasurer to Participants on or about the 10th business day of any month following valuation.
(2) The dividends shall consist of income received net of expenses by the combined investment funds during the preceding month or such other time period determined by the Treasurer.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-8 - Method of valuation of each unit

Current through July 10, 2024
The 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 Commission shall be valued at the closing price on the last trading day of the valuation period. If the security did not trade, the Treasurer shall value the security using one of the following methods which, in the Treasurer's opinion, best represents fair market value:
(1) The closing price on the last day the security traded; or
(2) The mean between the bid and asked prices on the last trading day of the valuation period.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-9 - Cost value per unit for the participant and cost value for the funds

Current through July 10, 2024
(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 units that have been distributed for those contributions.
(b) The cost value of each contribution of each Participant shall be transferred to the combined funds and shall become the cost of that contribution in the combined funds. The sum total of all the cost values of all the contributions shall equal the sum total of the cost values per unit as described in subsection (a) of this section.
(c) All transactions involving the combined funds made after the cost value per unit has been established will affect the cost value of the funds but will not change the cost value per unit of the Participants. The cost value per unit of the Participant will change when new Participant contributions or redemptions are made.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-10 - Accounting treatment for combined investment funds

Current through July 10, 2024
Absent specific regulations to the contrary, all accounting for the combined investment funds shall follow Generally Accepted Accounting Principles (GAAP) as promulgated under the direction of the Financial Accounting Foundation. Preference shall be given to Government Accounting Standards Board pronouncements where applicable.
Connecticut Administrative Code › Title 3 - State Elective Officers › 31b - Combined Investment Fund › Section 3-31b-11 - Accounting treatment of bonds purchased at discount or premium

Current through July 10, 2024
(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 bond. The amortization shall be charged against income daily.
(2) When bonds are purchased at a discount, the amount of the discount shall be accreted daily on a straight line basis over the life of the bond and shall be treated as income on a daily basis.
(3) Accretion income shall be distributed.
Connecticut Administrative Code › Title 3 - State Elective Officers › 77 - Description of Organization › Introduction › Part 1 › Section 3-77-2 - Basic organization

Current through July 10, 2024
(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 areas of responsibility of each of the divisions are as follows:
(1) The Management & Support Services Division performs budget, personnel, payroll, accounting, training, publication, distribution and sales, and revenue related activities for the Office of the Secretary of the State.
(2) The Records & Legislative Services Division serves as the repository for all public acts, resolutions, special acts, administrative regulations, notary public registrations and annual meeting schedules of state agencies. The Division also publishes and distributes the state Register and Manual, and the Connecticut General Statutes; performs records management activities, and issues certificates of good standing for corporations.
(3) The Commercial Recording Division determines statutory compliance and files all stock and nonstock corporate certificates, limited partnership certificates, Uniform Commercial Code Liens, and trade and servicemark registrations. The Division serves as the agent for service of process for corporations, partnerships and out-of-State individuals. The Division responds to inquiries concerning corporations, limited partnerships, trademark registrations and UCC liens, prepares certified copies of recorded documents, and issues certificates of good standing for corporations.
(4) The Elections Services Division administers state constitutional and statutory provisions relating to elections, primaries, nominating procedures, and voter registration and enrollment.
Connecticut Administrative Code › Title 3 - State Elective Officers › 77 - Description of Organization › Introduction › Part 2 - Public Information › Section 3-77-4 - Location of principal office

Current through July 10, 2024
The principal office of the Secretary of the State is located at 30 Trinity Street, Hartford, Connecticut 06106. Normal business hours are from 8:30 to 4:30 daily, except Saturdays, Sundays and holidays. In person requests for information and inspection of documents filed in the Commercial Recording Division may only be made between the hours of 10:00 a.m. and 2:55 p.m.
Connecticut Administrative Code › Title 3 - State Elective Officers › 77 - Description of Organization › Introduction › Part 2 - Public Information › Section 3-77-5 - Public inspection

Current through July 10, 2024
In addition to publication of regulations adopted, amended or repealed as required by chapter 54 of the General Statutes as amended, a compilation of all regulations, policy statements, final orders, decisions, minutes, opinions, and forms and instructions used by the various divisions of the office of the Secretary of the State, as well as annual schedules of regular meetings of public agencies, notice of and minutes of special meetings of public agencies, and agendas of regular meetings of public agencies that have no regular office or place of business, are available for public inspection at the principal office during normal business hours.
Connecticut Administrative Code › Title 3 - State Elective Officers › 77 - Description of Organization › Introduction › Part 2 - Public Information › Section 3-77-6 - Request for information

Current through July 10, 2024
(a) Requests for information should be directed to the appropriate division at the principal office. When the appropriate division is not known or when information is requested concerning overall office matters, requests should be directed to the Secretary of the State, 30 Trinity Street, Hartford, Connecticut 06106.
(b) There is no prescribed form for requests for information directed to the Management & Support Services, Records & Legislative Services, or Election Services Divisions. Requests should be sufficiently specific to permit easy identification of the information requested, and may be made in writing, in person, or by telephone.
(c) Requests for information concerning Uniform Commercial Code liens must be made on a form prescribed by the Commercial Recording Division. Requests for information concerning corporations, trademarks, or limited partnerships may be made on forms prescribed by the Commercial Recording Division, or may be made in person or by letter.