# Conn. Gen. Stat. § 10a-77a: Sec. 10a-77a. Endowment Fund for the Community-Technical College System > Connecticut · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-77a ## Section - **Citation:** Conn. Gen. Stat. § 10a-77a - **Heading:** Sec. 10a-77a. Endowment Fund for the Community-Technical College System - **Jurisdiction:** Connecticut - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** Connecticut Code / Title 10a / Chapter 185b / Section 10a-77a ## Text (2) (A) For each of the fiscal years ending June 30, 2000, to June 30, 2006, inclusive, as part of the state contract with donors of endowment fund eligible gifts, the Office of Higher Education, in accordance with section 10a-8b , shall deposit in the Endowment Fund for the Community-Technical College System a grant in an amount equal to half of the total amount of endowment fund eligible gifts received by or for the benefit of the community-technical college system as a whole and each regional community-technical college for the calendar year ending the December thirty-first preceding the commencement of such fiscal year, as certified by the chairperson of the board of trustees by February fifteenth to (i) the Secretary of the Office of Policy and Management, (ii) the joint standing committee of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, and (iii) the Commissioner of Higher Education, provided such sums do not exceed the endowment fund state grant maximum commitment for the fiscal year in which the grant is made. (B) For each of the fiscal years ending June 30, 2007, to June 30, 2014, inclusive, as part of the state contract with donors of endowment fund eligible gifts, the Office of Higher Education, in accordance with section 10a-8b , shall deposit in the Endowment Fund for the Community-Technical College System a grant in an amount equal to one-quarter of the total amount of endowment fund eligible gifts, except as provided in this subdivision, received by or for the benefit of the community-technical college system as a whole and each regional community-technical college for the calendar year ending the December thirty-first preceding the commencement of such fiscal year, as certified by the chairperson of the board of trustees by February fifteenth to (i) the Secretary of the Office of Policy and Management, (ii) the joint standing committee of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, and (iii) the Commissioner of Higher Education, provided such sums do not exceed the endowment fund state grant maximum commitment for the fiscal year in which the grant is made. Endowment fund eligible gifts that meet the criteria set forth in this subdivision, made by donors during the period from January 1, 2005, to June 30, 2005, shall continue to be matched by the Office of Higher Education in an amount equal to one-half of the total amount of endowment fund eligible gifts received. Commitments by donors to make endowment fund eligible gifts for two or more years that meet the criteria set forth in this subdivision and that are made for the period prior to December 31, 2004, but ending before December 31, 2012, shall continue to be matched by the Office of Higher Education in an amount equal to one-half of the total amount of endowment fund eligible gifts received through the commitment. (C) In any such fiscal year in which the total of the eligible gifts received by the community-technical colleges exceeds the endowment fund state grant maximum commitment for such fiscal year the amount in excess of such endowment fund state grant maximum commitment shall be carried forward and be eligible for a matching state grant in any succeeding fiscal year from the fiscal year ending June 30, 2000, to the fiscal year ending June 30, 2014, inclusive, subject to the endowment fund state grant maximum commitment. Any endowment fund eligible gifts that are not included in the total amount of endowment fund eligible gifts certified by the chairperson of the board of trustees pursuant to this subdivision may be carried forward and be eligible for a matching state grant in any succeeding fiscal year from the fiscal year ending June 30, 2000, to the fiscal year ending June 30, 2014, inclusive, subject to the endowment fund state matching grant commitment for such fiscal year. al amount of endowment fund eligible gifts certified by the chairperson of the board of trustees pursuant to this subdivision may be carried forward and be eligible for a matching state grant in any succeeding fiscal year from the fiscal year ending June 30, 2000, to the fiscal year ending June 30, 2014, inclusive, subject to the endowment fund state matching grant commitment for such fiscal year. (3) The Board of Trustees of the Community-Technical Colleges shall adopt, by October 1, 1997, guidelines with respect to (A) the solicitation of endowment fund eligible gifts from private donors, and (B) governing the acceptance of gifts made by a foundation established pursuant to sections 4-37e and 4-37f , to a community-technical college or its employees for reimbursement of expenditures or payment of expenditures on behalf of a community-technical college or its employees. Private donations shall not be construed to include proceeds of municipal grants. (b) For the purposes of this section: (1) “Endowment fund eligible gift” means a gift to or for the benefit of a regional community-technical college or the community-technical college system as a whole of cash or assets which may be reduced to cash or which has a value that is ascertainable by such regional community-technical college or the community-technical college system as a whole which the donor has specifically designated for deposit in the endowment fund or which explicitly or implicitly by the terms of the gift the regional community-technical college or community-technical college system as a whole may and does deposit or permit to be deposited in the endowment funds. (2) “Endowment fund state grant” means moneys that are transferred by the Office of Higher Education from the fund established pursuant to section 10a-8b to the endowment fund established pursuant to this section in an aggregate amount not exceeding the endowment fund state grant maximum commitment. (3) “Endowment fund state grant maximum commitment” means an amount not exceeding two million dollars for the fiscal year ending June 30, 2000, two and one-half million dollars for the fiscal year ending June 30, 2001, three million dollars for the fiscal year ending June 30, 2002, three and one-half million dollars for the fiscal year ending June 30, 2003, and five million dollars for each of the fiscal years ending June 30, 2004, to June 30, 2014, inclusive. (c) Notwithstanding the endowment fund state grant maximum commitment levels for each fiscal year pursuant to subsection (b) of this section, the total of the endowment fund state grant maximum commitments for the fiscal years ending June 30, 2000, to June 30, 2014, inclusive, shall not exceed thirty-nine million five hundred thousand dollars. See Sec. 10a-8c re restrictions on appropriations. ## Nearby sections - [Conn. Gen. Stat. § 10a-71 Sec. 10a-71. (Formerly Sec. 10-38b). Board of Trustees for Community-Technical Colleges.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-71.md) - [Conn. Gen. Stat. § 10a-72 Sec. 10a-72. (Formerly Sec. 10-38c). Duties of board of trustees.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-72.md) - [Conn. Gen. Stat. § 10a-72a Sec. 10a-72a. Disposition of surplus library material and library fines at regional community-technical colleges.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-72a.md) - [Conn. Gen. Stat. § 10a-72e Sec. 10a-72e. Articulation agreements for nursing programs.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-72e.md) - [Conn. Gen. Stat. § 10a-72h Sec. 10a-72h. Oversight board and pilot program re technical high school courses for college credit.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-72h.md) - [Conn. Gen. Stat. § 10a-72i Sec. 10a-72i. Educational and training program for unemployed state residents.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-72i.md) - [Conn. Gen. Stat. § 10a-77 Sec. 10a-77. (Formerly Sec. 10-38h). Regional community-technical colleges: Tuition, fees and refunds. Operating fund. Operating accounts. Waivers. Reimbursement of fund. Course reenrollment for student members of the armed forces called to active duty. Graduation fees.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-77.md) - [Conn. Gen. Stat. § 10a-77a Sec. 10a-77a. Endowment Fund for the Community-Technical College System.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-77a.md) - [Conn. Gen. Stat. § 10a-78 Sec. 10a-78. (Formerly Sec. 10-38i). Establishment of regional colleges.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-78.md) - [Conn. Gen. Stat. § 10a-80 Sec. 10a-80. (Formerly Sec. 10-38l). Community service programs at regional community-technical colleges.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-80.md) - [Conn. Gen. Stat. § 10a-80c Sec. 10a-80c. Uniform naming of green jobs certificate and degree programs.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-80c.md) - [Conn. Gen. Stat. § 10a-80f Sec. 10a-80f. Pilot program for expansion of advanced manufacturing certificate programs to public high schools.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-80f.md) - [Conn. Gen. Stat. § 10a-80g Sec. 10a-80g. Electronic commerce seminars for small businesses.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-80g.md) - [Conn. Gen. Stat. § 10a-88 Sec. 10a-88. (Formerly Sec. 10-109a). Board of Trustees for the Connecticut State University System.](https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-88.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CT_T10a_C185b_S10a-77a. Check the current official text before relying on it. Not legal advice.