Conn. Gen. Stat. § 10-512k: Duties and powers of State Treasurer re Early Childhood Education Endowment.

(a) The Treasurer, on behalf of the Early Childhood Education Endowment and for purposes of the endowment, may:

(1) Receive and invest moneys in the endowment in any instruments, obligations, securities or property in accordance with section 10-512l;

(2) Enter into one or more contractual agreements, including contracts for legal, actuarial, accounting, custodial, advisory, management, administrative, advertising, marketing and consulting services for the endowment, and pay for such services from the assets of the endowment;

(3) Procure insurance in connection with the endowment's property, assets, activities or deposits to the endowment;

(4) Apply for, accept and expend gifts, grants or donations from public or private sources to enable the endowment to carry out its objectives;

(5) Adopt regulations in accordance with chapter 54 for purposes of section 3-13c, sections 10-512 to 10-512l, inclusive, and section 10-531b;

(6) Sue and be sued;

(7) Establish one or more funds within the endowment; and

(8) Take any other action necessary to carry out the purposes of section 3-13c, sections 10-512 to 10-512l, inclusive, and section 10-531b and incidental to the duties imposed on the Treasurer pursuant to said sections.

(b) The Treasurer, on behalf of the endowment and for purposes of the endowment, shall enter into a memorandum of understanding with the Commissioner of Early Childhood to establish information-sharing practices for purposes of section 3-13c, sections 10-512 to 10-512l, inclusive, and section 10-531b. Such memorandum of understanding shall be in accordance with applicable state and federal laws.