Page 459

House Bill No. 5506

Public Act No. 22-118 459 of 739

of the state and shall not be payable from or charged upon any funds other than revenues of the state pledged therefor in subsection (b) of section 13b-61 of the general statutes and section 13b-61a of the general statutes, or such other receipts, funds or moneys as may be pledged therefor. Said bonds shall not be payable from or charged upon any funds other than such pledged revenues or such other receipts, funds or moneys as may be pledged therefor, nor shall the state or any political subdivision thereof be subject to any liability thereon, except to the extent of such pledged revenues or such other receipts, funds or moneys as may be pledged therefor. Said bonds shall be issued under and in accordance with the provisions of sections 13b-74 to 13b-77, inclusive, of the general statutes. Sec. 327. Section 3-36a of the 2022 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage): As used in this section and sections 3-36b to 3-36h, inclusive: (1) "Designated beneficiary" means an individual born on or after July 1, [2021] 2023, whose birth was subject to medical coverage provided under HUSKY Health, as defined in section 17b-290; (2) "Eligible expenditure" means an expenditure associated with any of the following, each as prescribed by the Treasurer: (A) Education of a designated beneficiary; (B) purchase of a home in Connecticut by a designated beneficiary; (C) investment in a business in Connecticut by a designated beneficiary; or (D) any investment in financial assets or personal capital that provides long-term gains to wages or wealth; and (3) "Trust" means the Connecticut Baby Bond Trust. Sec. 328. Subsection (a) of section 3-36b of the 2022 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):