Conn. Gen. Stat. § 3-39l: Trust authority of the State Treasurer.

The State Treasurer, on behalf of the trust and for purposes of the trust, may:

(1) Receive and invest moneys in the trust in any instruments, obligations, securities or property in accordance with section 3-39m;

(2) Establish terms for the participation agreement and the administration of ABLE accounts, including, but not limited to, (A) the method of payment into an ABLE account by payroll deduction, transfer from bank accounts or otherwise, (B) the termination, withdrawal or transfer of payments under an ABLE account, including transfers to or from a qualified ABLE program established by another state, (C) penalties for distributions not used for qualified disability expenses, and (D) the amount of any charges or fees to be assessed in connection with the administration of the trust;

(3) Enter into one or more contractual agreements, including, but not limited to, contracts for legal, actuarial, accounting, custodial, advisory, management, administrative, advertising, marketing and consulting services for the trust and pay for such services from the gains and earnings of the trust;

(4) Procure insurance in connection with the trust's property, assets, activities or deposits or contributions to the trust;

(5) Apply for, accept and expend gifts, grants or donations from public or private sources to enable the Connecticut Achieving A Better Life Experience Trust to carry out its objectives;

(6) Sue and be sued;

(7) Establish one or more funds within the trust and maintain separate ABLE accounts for each designated beneficiary;

(8) Pay for any fees associated with the administration of individual ABLE accounts; and

(9) Take any other action necessary to carry out the purposes of sections 3-39j to 3-39r, inclusive, and incidental to the duties imposed on the State Treasurer pursuant to said sections.