Conn. Gen. Stat. § 10-512: Early Childhood Education Endowment.

(a) Commencing on July 1, 2025, there is established the Early Childhood Education Endowment. The endowment shall constitute an instrumentality of the state and shall perform essential governmental functions as provided in section 3-13c, this section, sections 10-512a to 10-512l, inclusive, and section 10-531b. The endowment shall receive and hold all payments and deposits or contributions intended for the endowment, as well as gifts, bequests, endowments or federal, state or local grants and any other funds from any public or private source and all earnings until released in accordance with section 10-512b.

(b) The endowment shall not be construed to be a department, institution or agency of the state. Amounts on deposit in the endowment shall not be commingled with state funds and the state shall have no claim to or against, or interest in, such funds. Any contract entered into by or any obligation of the endowment shall not constitute a debt or obligation of the state and the state shall have no obligation to any designated beneficiary or any other person on account of the endowment and all amounts obligated to be paid from the endowment shall be limited to amounts available for such obligation on deposit in the endowment. The amounts on deposit in the endowment may only be released in accordance with the provisions of section 10-512b. The endowment shall continue in existence as long as it holds any deposits or has any obligations and until its existence is terminated by law and upon termination any unclaimed assets shall return to the state. Property of the endowment shall not be governed by section 3-61a.

(c) The Treasurer shall be responsible for the receipt, maintenance, administration, investing and release of amounts from the endowment. The endowment shall not receive deposits in any form other than cash.