Connecticut General Statutes 10-66ff – Powers. Liability limited. Participation in Short-Term Investment Fund
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(a) Each charter school may (1) sue and be sued, (2) purchase, receive, hold and convey real and personal property for school purposes, and (3) borrow money for such purposes.
Terms Used In Connecticut General Statutes 10-66ff
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: All property that is not real property.
(b) The state, a local or regional board of education or the applicant for a charter school shall have no liability for the acts, omissions, debts or other obligations of such charter school, except as may be provided in an agreement or contract with such charter school.
(c) Charter schools established pursuant to sections 10-66aa to 10-66gg, inclusive, shall be eligible to invest in participation certificates of the Short-Term Investment Fund administered by the State Treasurer pursuant to sections 3-27a to 3-27f, inclusive.