The Mashantucket Pequot/Mohegan Fund annually distributes grants to municipalities eligible for a state grant in lieu of taxes pursuant to subsection (b) of section
12-18b of the Connecticut General Statutes. The distribution is based on numerous factors including, but not limited to, the value of state-owned property, private college and general hospitals, population, equalized net grand list and per capita income as set forth in
Sections 3-55i, j, and k of the Connecticut General Statutes. Payment is made in three equal payments on January 1, April 1, and June 30th.