CT SB01150

Revises section 3-13e(b) to allow the State Treasurer to invest trust fund assets in loans to mortgage lenders, with investment limits of no more than $20 million outstanding at any time and $10 million per fiscal year.

Requires mortgage lenders receiving such loans to make and disburse residential mortgage loans (on properties with no more than four dwelling units) in amounts at least equal to the loan proceeds received.

Limits loans to any single mortgage lender to the greater of $1 million or 1% of that lender's deposits.

Revises section 3-27e to allow the State Treasurer to receive grants, interest subsidies, and contributions from the United States or other sources related to student loans and add them to the Short Term Investment Fund.

Authorizes the State Treasurer to pay state banking service fees from General Fund earnings and deduct individual fund banking fees directly from earnings credited to those specific funds.