Sec. 3-22b. Designation of bonds as college savings bonds.
Sec. 3-22b. Designation of bonds as college savings bonds. Bonds issued pursuant to section 3-20 or sections 13b-74 to 13b-77, inclusive, may be designated by the
Treasurer as college savings bonds. Bonds so designated, and any interest accruing
thereon, shall be payable in one payment at maturity on a fixed date. Such college savings
bonds shall mature not less than five years nor more than twenty years from the date of
issuance, unless the State Treasurer determines otherwise, and shall be subject to such
financial incentives as may be otherwise provided.
(P.A. 88-299, S. 2, 6.)