Conn. Gen. Stat. § 10-512a: Funds to be transferred to the Early Childhood Education Endowment.
Where this section sits in the code
- TITLE 10. EDUCATION AND CULTURE
- CHAPTER 184c. OFFICE OF EARLY CHILDHOOD
(a) For the fiscal year ending June 30, 2025, based on an estimate prepared by the Secretary of the Office of Policy and Management between June 15, 2025, to June 30, 2025, inclusive, of the amount of current unappropriated surplus for such fiscal year, the amount of such estimated surplus, if any, up to a maximum of three hundred million dollars shall be transferred on or before June 30, 2025, by the Treasurer from the General Fund to the Early Childhood Education Endowment established under section 10-512.
(b) For the fiscal year ending June 30, 2026, and each fiscal year thereafter, based on such estimated amount of current unappropriated surplus described in subsection (a) of this section, if any, the entire amount of such estimated surplus for each such fiscal year shall be transferred by the Treasurer from the General Fund to the Early Childhood Education Endowment, except that if the amount in the Budget Reserve Fund is estimated by the secretary to be less than eighteen per cent of the estimated net General Fund appropriations for the ensuing fiscal year, the amount of such transfer shall be reduced by the amount necessary to increase the amount in the Budget Reserve Fund to eighteen per cent of the estimated net General Fund appropriations for the ensuing fiscal year, or by the maximum amount of the projected surplus, whichever is less, and an amount equal to such reduction shall be transferred to the Budget Reserve Fund.
(c) If the Comptroller determines that a deficit will exist for the preceding fiscal year, before the appropriation required by subdivision (1) of subsection (f) of section 4-30a, the amount necessary to fund such deficit shall be deducted from the amount transferred in such preceding fiscal year pursuant to this section and credited to the General Fund effective June thirtieth of such preceding fiscal year. If such deficit exceeds the amount transferred in such preceding fiscal year, no additional funds from the body of the endowment shall be used to fund such deficit.
Collected 2026-09-06T19:07:21Z. Source file · JSON