CT SB00451

Authorizes the State Treasurer to establish a program investing up to two hundred million dollars from the state's operating cash with community banks and community credit unions, based on available funds.

Requires the State Treasurer to establish a schedule for making investments with participating banks and credit unions.

Mandates a competitive bidding procedure allowing community banks and credit unions to compete for investment-related services under the program.

Permits the State Treasurer to establish capital standards for banks and credit unions seeking to participate in the investment program.