Conn. Gen. Stat. § 10-512l: Investment of funds in the Early Childhood Education Endowment.

Notwithstanding the provisions of sections 3-13 to 3-13h, inclusive, the Treasurer shall invest the amounts on deposit in the Early Childhood Education Endowment in a manner reasonable and appropriate to achieve the objectives of the endowment, exercising the discretion and care of a prudent person in similar circumstances with similar objectives. The Treasurer shall give due consideration to rate of return, risk, term or maturity, diversification of the total portfolio within the endowment, liquidity, the projected disbursements and expenditures and the expected payments, deposits, contributions and gifts to be received. The Treasurer shall not require the endowment to invest directly in obligations of the state or any political subdivision of the state or in any investment or other fund administered by the Treasurer. The assets of the endowment shall be continuously invested and reinvested in a manner consistent with the objectives of the endowment until disbursed for eligible expenditures or expended on expenses incurred by the operations of the endowment.