Connecticut General Statutes 16-331hh – Transfer from municipal video competition trust account to General Fund
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Notwithstanding the provisions of subsection (b) of § 16-331bb, the sum of five million dollars shall be transferred from the municipal video competition trust account and credited to the resources of the General Fund for the fiscal year ending June 30, 2018, and each fiscal year thereafter.
Terms Used In Connecticut General Statutes 16-331hh
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC