Connecticut House Bill HB05392

Connecticut 2010 Regular Session

• Introduced: 2/26/10
• Refer: 2/26/10
• Report Pass: 3/25/10
• Refer: 4/6/10
• Report Pass: 4/13/10
• Engrossed: 4/20/10
• Report Pass: 4/22/10
• Chaptered: 5/24/10
• Enrolled: 5/26/10
• Passed: 6/8/10

Caption

An Act Concerning Nonappropriated Funds And Personnel Status Reports By Quasi-public Agencies.

Impact

This bill directly impacts the statutory framework governing quasi-public agencies within the state. By revising Section 1-123 of the General Statutes, it reinforces the need for accountability and oversight in the management of public funds. The increased reporting requirements could enhance public trust in these agencies by providing more accessible data on their financial activities and personnel status, thereby promoting better management practices and accountability to the public and the government.

Summary

House Bill 05392 focuses on enhancing financial reporting and personnel status reporting requirements for quasi-public agencies in the state. The bill mandates that these agencies submit comprehensive annual reports to the Governor, the Auditors of Public Accounts, and the Legislative Program Review and Investigations Committee. The reports must contain information such as bond issues from the previous year, details about financial assistance for projects, and a breakdown of revenues and expenditures, ultimately aimed at increasing transparency and ensuring accountability of these entities.

Sentiment

The sentiment surrounding HB 05392 appears to be generally positive, as it promotes greater transparency and accountability for quasi-public entities. Legislative discussions indicate a consensus on the necessity for better oversight of public resources, though there may be concerns regarding the administrative burden that increased reporting might impose on these agencies. Proponents of the bill emphasize its importance in improving the governance of fiscal policies related to state-funded projects.

Contention

Despite the overall positive sentiment, there may be some contention regarding the practical implementation of the bill's reporting requirements. Stakeholders could express concerns about the operational impact on quasi-public agencies, particularly regarding the resources needed to meet the new mandates. Additionally, debates may arise over the sufficiency of the reporting timelines and whether the proposed changes effectively address all accountability issues, thereby influencing the positions of different legislative members.