Sec.3-31b-1. Definitions

As used in sections 3-31b-1 to 3-31b-11, inclusive, of the Regulations of Connecticut State Agencies:

(1) “Treasurer” means the Treasurer of the State of Connecticut.

(2) “Participant” means a retirement or trust fund for which the Treasurer is custodian or trustee and which is in whole or part combined with other funds for investment purposes in accordance with section 3-31b of the Connecticut General Statutes.

(3) “Securities” means common stock, preferred stock, convertible preferred stock, bonds, debentures, convertible debentures, warrants, rights, mortgages, limited partnership interests, interests in limited liability corporations and all other evidences of investment or ownership.

(4) “Assets” and “liabilities” shall be defined by generally accepted accounting principles and shall include but not be limited to investments, cash, receivables and payables.

(5) “Cost Value Per Unit” means the Participant’s U.S. dollar cost of acquiring ownership in the combined investment funds divided by the number of units received for such investment dollars. Market value per unit shall be determined based on the net asset value of the investment fund at market value as of the preceding month-end, except for the Liquidity Fund, which is calculated at the end of each business day.

(6) “Market Value Per Unit” means the market or fair value of a combined investment fund at a month-end divided by the units owned by Participants, except for the Liquidity Fund, which is calculated at the end of each business day.

(Effective April 19, 1991; Amended September 30, 1998; Amended September 13, 2016)