General Assembly Proposed Bill No. 6142 January Session, 2013 LCO No. 1845 Referred to Committee on LABOR AND PUBLIC EMPLOYEES Introduced by: REP. WILLIAMS, 68th Dist. General Assembly Proposed Bill No. 6142 January Session, 2013 LCO No. 1845 Referred to Committee on LABOR AND PUBLIC EMPLOYEES Introduced by: REP. WILLIAMS, 68th Dist. AN ACT CONCERNING RESERVE FUND BALANCES AND CHANGES TO MUNICIPAL BINDING ARBITRATION. Be it enacted by the Senate and House of Representatives in General Assembly convened: That section 7-473c of the general statutes be amended to prohibit an arbitration panel from considering a municipal reserve balance when determining a municipality's financial capability and to limit the review of a rejected arbitration award by a municipality to a single arbitrator. Statement of Purpose: To prevent an arbitration panel from considering a municipal reserve fund balance when determining a municipality's financial capability and to limit the review of a rejected arbitration award by a municipality to a single arbitrator.