The rate of interest on all loans of the School Fund and the Agricultural College Fund in this state shall be established by the State Treasurer, payable semiannually.
Conn. Gen. Stat. § 3-42
(1949 Rev., S. 133; 1967, P.A. 6; P.A. 78-236, S. 2, 20.)
See Sec. 3-27a re investments in Short Term Investment Fund.