As used in this section and sections 3-36b to 3-36h, inclusive:

1. (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. (2) “Eligible expenditure” means an expenditure associated with any of the following, each as prescribed by the Treasurer:

   1. (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. (3) “Trust” means the Connecticut Baby Bond Trust.

(P.A. 21-111, S. 103; P.A. 22-118, S. 327; 22-131, S. 2; P.A. 23-204, S. 149.)

History: P.A. 21-111 effective July 1, 2021; P.A. 22-118 amended Subdiv. (1) by substituting “2023” for “2021”, effective May 7, 2022; P.A. 22-131 replaced reference to Sec. 3-36h with reference to Sec. 3-36i in the introductory language; P.A. 23-204 replaced reference to Sec. 3-36i with Sec. 3-36h, effective June 12, 2023.