Connecticut General Statutes Title 7. Municipalities § 7-313h. Firefighters cancer relief account

(a) There is established an account to be known as the “firefighters cancer relief account” which shall be a separate, nonlapsing account within the General Fund. The account shall contain any moneys required by law to be deposited in the account. Moneys in the account shall be expended by (1) the cancer relief subcommittee of the Connecticut State Firefighters Association, established pursuant to section 7-313i, for the purposes of providing wage replacement benefits to firefighters who are diagnosed with a condition of cancer described in section 7-313j, and (2) by the State Treasurer for purposes of providing reimbursement to municipalities that provide compensation and benefits to firefighters diagnosed with a condition of cancer in accordance with section 7-313p.

(b) The State Treasurer shall invest the moneys deposited in the firefighters cancer relief account in a manner reasonable and appropriate to achieve the objectives of such account, exercising the discretion and care of a prudent person in similar circumstances with similar objectives. The State Treasurer shall give due consideration to rate of return, risk, term or maturity, diversification of the total portfolio within such account, liquidity, the projected disbursements and expenditures, and the expected payments, deposits, contributions and gifts to be received. The moneys in such account shall be continuously invested and reinvested in a manner consistent with the objectives of such account until disbursed in accordance with sections 3-123, 7-313i and 7-313p.

(c) The moneys in the firefighters cancer relief account shall be used solely for the purposes of (1) providing wage replacement benefits to firefighters who are diagnosed with a condition of cancer described in section 7-313j, (2) providing reimbursement to municipalities for payment of compensation and benefits as described in section 7-313p, and (3) to fund the expenses of administering the firefighters cancer relief program established pursuant to sections 7-313j and 7-313p.