Sec. 10-304. Sales and service account. - Connecticut Statutes

      Sec. 10-304. Sales and service account. The sales and service account for the Board of Education and Services for the Blind shall be established as a separate account within the General Fund for the purpose of aiding the blind by providing sales and service opportunities. Any money received by the board from refunds for materials advanced for manufacture by the blind, and from the sales of articles or goods manufactured by the blind, and from the sale of other articles or goods, or from sales held to assist the blind, shall be deposited in the General Fund and credited to the account. Payments shall be made from the account for labor or services rendered in connection with the manufacture of articles for resale, for the purchase of materials used in such manufacture, for the purchase of merchandise for resale and for labor, supplies and other operating expenses connected with the operation of vending stands and sales and service opportunities. Bills contracted by the Board of Education and Services for the Blind for the purposes specified in this section shall be paid by order of the Comptroller against the account in the manner provided by law for the payment of all claims against the state. At the end of each fiscal year, any surplus as of June thirtieth determined by including cash, accounts receivable and inventories less accounts payable over the sum of three hundred thousand dollars derived from sales of manufactured goods or articles or other sales, in excess of such cost of labor or services, materials, merchandise, supplies and other such operating expenses, shall revert to the General Fund of the state.

      (1949 Rev., S. 1619; 1949, 1953, S. 1004d; 1963, P.A. 386, S. 7; 1969, P.A. 572, S. 1; P.A. 78-323, S. 1, 3; P.A. 82-107; P.A. 86-312, S. 3, 21.)

      History: 1963 act changed name of board; 1969 act deleted employer's contributions for social security from payments to be made from fund and increased surplus amount beyond which excess funds revert to general fund from $75,000 to $100,000; P.A. 78-323 increased surplus limit to $200,000; P.A. 82-107 increased the amount over which funds revert to the general fund at the end of each fiscal year to $300,000; P.A. 86-312 changed sales and service "fund" from a revolving fund to a separate "account" within the general fund.