Upon the birth of a designated beneficiary, the Treasurer may transfer up to three thousand two hundred dollars from the bond proceeds issued pursuant to section 3-36i to the trust to be credited toward the accounting of such designated beneficiary as described in section 3-36g. For any year in which the funds made available pursuant to section 3-36i is insufficient to provide such amount per beneficiary the amount so transferred shall be reduced pro rata.

(P.A. 21-111, S. 110; June Sp. Sess. P.A. 21-2, S. 485.)

History: P.A. 21-111 effective July 1, 2021; June Sp. Sess. P.A. 21-2 replaced “shall” with “may” re transfer of bond proceeds issued pursuant to Sec. 3-36i and added provision re amount per beneficiary to be reduced pro rata when funds made available are insufficient, effective July 1, 2021.