{"data":{"id":"us-ct/conn.-gen.-stat.-3-13i","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 3-13i","heading":"Contracts for services related to investment of trust funds. Procurement procedures.","body":"(a) On and after January 1, 2001, or on and after the first adoption of an investment policy statement under section 3-13b, whichever is later, any contract for services related to the investment of trust funds, as defined in section 3-13c, shall be subject to the investment policy statement adopted under section 3-13b. No contract for services related to the investment of such funds shall be awarded to a provider of such services until the Treasurer's recommendation of a provider is reviewed by the Investment Advisory Council. The Treasurer shall provide notice of such recommendation at a meeting of the council. Not later than forty-five days after such meeting, the council may file a written review of the Treasurer's recommendation concerning the selection of such provider with the Office of the Treasurer where it shall be available for public inspection. The Treasurer may proceed to award the contract after (1) such forty-five-day period, (2) receipt of the council's written review, or (3) notification by the council that it does not intend to submit a written review, whichever is sooner.\n(b) The Treasurer shall establish procurement procedures for the award of any such contract, in accordance with standards set forth in the investment policy statement adopted under section 3-13b, that foster impartial and comprehensive evaluations of potential providers and encourage the selection of the most responsible provider who can provide the best value to the state. Any such contract shall not be considered a personal service agreement, as defined in section 4-212, or a contract for contractual services, as defined in section 4a-50.","path":["TITLE 3. STATE ELECTIVE OFFICERS","CHAPTER 32. TREASURER","PART I. GENERAL PROVISIONS"],"source_url":"https://www.cga.ct.gov/2026/sup/chap_032.htm#sec_3-13i","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:20Z","sha256":"79d366e702cc8af62350c9de98c4a40bde7be72f9aa64c4246fe0a0570f7ba22","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-3-13h","next":"us-ct/conn.-gen.-stat.-3-13j"},"notice":"GroundRules: Original legal text. Not legal advice."}