Sec. 3-123f. Capital reserve accounts for the constituent units of the state system of higher education.
Sec. 3-123f. Capital reserve accounts for the constituent units of the state system of higher education. The State Comptroller shall establish a separate nonlapsing
capital reserve account within the General Fund for each constituent unit of the state
system of higher education. The proceeds of the sale, pursuant to section 4b-21, of any
surplus land or interest in land of any constituent unit of the state system of higher
education shall upon deposit in the General Fund be credited to the capital reserve
account of the appropriate constituent unit for the purpose of capital projects authorized
by the constituent unit.
(P.A. 91-230, S. 14, 17.)