Sec. 3-22m. State pledge for purposes of the trust.
Sec. 3-22m. State pledge for purposes of the trust. The state pledges to depositors, designated beneficiaries and with any party who enters into contracts with the trust,
pursuant to the provisions of sections 3-22f to 3-22o, inclusive, that the state will not
limit or alter the rights under said sections vested in the trust or contract with the trust
until such obligations are fully met and discharged and such contracts are fully performed
on the part of the trust, provided nothing contained in this section shall preclude such
limitation or alteration if adequate provision is made by law for the protection of such
depositors and designated beneficiaries pursuant to the obligations of the trust or parties
who entered into such contracts with the trust. The trust, on behalf of the state, may
include this pledge and undertaking for the state in participation agreements and such
other obligations or contracts.
(P.A. 97-224, S. 8, 12.)
History: P.A. 97-224 effective July 1, 1997.