Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2013 BASIC FINANCIAL STATEMENTS - Notes To Financial Statements - Note 24 New Accounting Pronouncements

Notes to the Financial Statements

June 30, 2013

Note 24 Related Organizations

The Community Economic Development Fund and the Connecticut Student Loan Foundation are legally separate organizations that are related to the State because the State appoints a voting majority of the organizations' governing board. However, the State's accountability for these organizations does not extend beyond making the appointments.