Sec. 10a-125. (Formerly Sec. 10-141c). Support of program by license fees. Publications. Receipt of gifts. - Connecticut Statutes

      Sec. 10a-125. (Formerly Sec. 10-141c). Support of program by license fees. Publications. Receipt of gifts. From each fee received by the Connecticut Real Estate Commission for the issuance or renewal of licenses to real estate brokers for any period subsequent to September 30, 1965, and to salesmen for any period subsequent to September 30, 1971, there shall be paid over by the State Treasurer to The University of Connecticut for the support, maintenance and use of the Center for Real Estate and Urban Economic Studies an amount equal to eight and three-quarters per cent of each broker's license fee and each salesmen's license fee, which amounts shall be irrevocably dedicated to the support, maintenance and use of said center. Said center is authorized, within the limits of the funds received by it, to publish and disseminate its studies and findings and to make a charge therefor and is authorized to receive gifts and grants from foundations, individuals and other sources.

      (February, 1965, P.A. 621, S. 4; June, 1971, P.A. 8, S. 93; P.A. 73-118; P.A. 85-454.)

      History: 1971 act included real estate salesmen's licenses under provisions of section and replaced deduction of 25% of each fee for purposes of real estate and urban economics study center with deduction of $17.50 from brokers' fees and $5.00 from salesmen's fees; P.A. 73-118 changed initial date for payments from salesmen's fees from September 30, 1965, to September 30, 1971, and reduced amount of payments to $8.75 from brokers' fees and to $2.50 from salesmen's fees; Sec. 10-141c transferred to Sec. 10a-125 in 1983 pursuant to reorganization of higher education system; P.A. 85-454 provided that the center would receive 8.75% of each license fee, rather than $8.75 from each broker's license fee and $2.50 from each salesmen's license fee.