Page 157

House Bill No. 5506

Public Act No. 22-118 157 of 739

established under section 10a-25h, or (B) the debt-free community college program established pursuant to section 10a-174, (3) the operating funds of the constituent units of the state system of higher education established pursuant to sections 10a-105, 10a-99 and 10a-77, or (4) the Connecticut Open Educational Resource Coordinating Council established under section 10a-44d. Such appropriations shall not lapse until the end of the fiscal year succeeding the fiscal year of the appropriation except that centers of excellence appropriations deposited by the Board of Regents for Higher Education in the Endowed Chair Investment Fund, established under section 10a-20a, shall not lapse but shall be held permanently in the Endowed Chair Investment Fund and any moneys remaining in higher education operating funds of the constituent units of the state system of higher education shall not lapse but shall be held permanently in such funds. On or before September first, annually, the Office of Higher Education and Board of Regents for Higher Education shall submit a report to the joint standing committee of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies, through the Office of Fiscal Analysis, concerning the amount of each such appropriation carried over from the preceding fiscal year. Sec. 121. (NEW) (Effective July 1, 2022) (a) For the purposes of this section: (1) "Small business" means a business located in the state with twenty-five employees or less; (2) "Cybersecurity" means the detection, prevention or response to activity intended to result in unauthorized access to, exfiltration of, manipulation of, or impairment to the integrity, confidentiality or availability of an information technology system or information stored on, or transiting, an information technology system; and (3) "Virtual currency" has the same meaning as provided in section