Senate Bill No. 1527, also known as Public Act No. 25-110, introduces significant changes to the management of various state accounts in Connecticut by establishing several new, separate, nonlapsing accounts that will no longer be classified within the General Fund. The bill repeals existing provisions that previously categorized these accounts as part of the General Fund, specifically deleting the phrase "within the General Fund." from relevant statutes. New accounts created include the "CHET Baby Scholars fund," "Main Street Investment Fund account," "community investment account," and many others aimed at supporting sectors such as agriculture, education, health, and environmental initiatives. Each account is designated for specific purposes, ensuring that funds are utilized effectively and transparently. The bill also outlines the management and funding mechanisms for these accounts, allowing them to receive contributions from various sources, including state appropriations, federal funds, and private donations. It specifies the intended uses of the funds, such as supporting affordable housing programs, mental health services, and agricultural sustainability initiatives. Additionally, the bill sets limits on administrative costs to ensure that the majority of funds are directed towards their designated purposes. Overall, Senate Bill No. 1527 aims to enhance financial accountability and streamline the allocation of resources for critical state needs and services, with an effective date of July 1, 2025.

Statutes affected:
Raised Bill: 3-123f, 4-66l, 4-66cc, 7-131s, 9-701, 10-21l, 10-373bb, 10-507, 11-8i, 14-295b, 20-638c, 22-38c, 23-79, 26-27c, 27-19b, 27-19c, 27-19e, 27-38f, 29-423, 32-4j, 32-356, 32-504
APP Joint Favorable: 3-123f, 4-66l, 4-66cc, 7-131s, 9-701, 10-21l, 10-373bb, 10-507, 11-8i, 14-295b, 20-638c, 22-38c, 23-79, 26-27c, 27-19b, 27-19c, 27-19e, 27-38f, 29-423, 32-4j, 32-356, 32-504
File No. 871: 3-123f, 4-66l, 4-66cc, 7-131s, 9-701, 10-21l, 10-373bb, 10-507, 11-8i, 14-295b, 20-638c, 22-38c, 23-79, 26-27c, 27-19b, 27-19c, 27-19e, 27-38f, 29-423, 32-4j, 32-356, 32-504
Public Act No. 25-110: 3-123f, 4-66l, 4-66cc, 7-131s, 9-701, 10-21l, 10-373bb, 10-507, 11-8i, 14-295b, 20-638c, 22-38c, 23-79, 26-27c, 27-19b, 27-19c, 27-19e, 27-38f, 29-423, 32-4j, 32-356, 32-504