Sec. 3-36a. Connecticut Baby Bond Trust: Definitions.

115 words·~1 min read·/ct/title-3/chapter-32-treasurer/3-36a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in this section and sections 3-36b to 3-36h , inclusive:

(1)“Designated beneficiary” means an individual born on or after July 1, 2023, whose birth was subject to medical coverage provided under HUSKY Health, as defined in section 17b-290 ;

(2)“Eligible expenditure” means an expenditure associated with any of the following, each as prescribed by the Treasurer:

(A)Education of a designated beneficiary;

(B)purchase of a home in Connecticut by a designated beneficiary;

(C)investment in a business in Connecticut by a designated beneficiary; or

(D)any investment in financial assets or personal capital that provides long-term gains to wages or wealth; and

(3)“Trust” means the Connecticut Baby Bond Trust.