Conn. Gen. Stat. § 3-36a: Connecticut Baby Bond Trust: Definitions.

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.