Sec. 10a-150. (Formerly Sec. 10-327b). Receipt and disposition of gifts of lands, money or other property. - Connecticut Statutes

      Sec. 10a-150. (Formerly Sec. 10-327b). Receipt and disposition of gifts of lands, money or other property. The boards of trustees of each of the constituent units of the state system of higher education are empowered to accept, on behalf of the state, any gifts of lands, money or other property donated to the institutions under their control. Said boards shall direct the application, distribution or disbursement of such lands, money or other donated property, or the income therefrom, for any purpose connected with said institutions under their respective control, consistent with the conditions, if any, upon which the gift was created. The State Treasurer shall be advised of the receipt of any such gift of money and where practicable shall hold on behalf of the respective boards of trustees, any such gift of money or income therefrom. The approval of the Commissioner of Public Works and the State Properties Review Board under section 4b-23 where acquisitions of real estate are involved shall be required. The Commissioner of Higher Education shall also be advised of any gift which is subject to the provisions of section 10a-150b.

      (P.A. 77-573, S. 11, 30; 77-614, S. 73, 587, 610; P.A. 78-303, S. 85, 136; P.A. 85-597, S. 5, 6; P.A. 87-496, S. 67, 110.)

      History: P.A. 77-614 and P.A. 78-303 substituted commissioner of administrative services for public works commissioner; Sec. 10-327b transferred to Sec. 10a-150 in 1983 pursuant to reorganization of higher education system; P.A. 85-597 added requirement that commissioner be notified of gifts which are subject to reporting requirements of Sec. 10a-150c; P.A. 87-496 substituted "public works" for "administrative services" commissioner.