Connecticut House Bill HB06468

Connecticut 2013 Regular Session

• Introduced: 2/21/13
• Refer: 2/21/13

Caption

An Act Repealing High Performance Work Organization Programs And Threshold Project Requirements In The Provision Of Financial Assistance By The Department Of Economic And Community Development And Connecticut Innovations, Incorporated.

Impact

The introduction of HB 06468 has significant implications for state laws governing financial assistance programs. Repealing the high performance work organization programs and threshold project requirements is anticipated to simplify the administration of grants and financial assistance, allowing the DECD and Connecticut Innovations to focus their resources on more impactful initiatives. This shift is expected to enhance the state's ability to respond to the needs of businesses in a rapidly evolving economic landscape. However, it also raises concerns about the potential loss of metrics and accountability that these programs provided, which could affect how the state's investments are measured and assessed for success.

Summary

House Bill 06468, titled An Act Repealing High Performance Work Organization Programs and Threshold Project Requirements, aims to eliminate certain programs and reporting requirements tied to financial assistance provided by the Department of Economic and Community Development (DECD) and Connecticut Innovations, Incorporated. The bill seeks to address concerns regarding the effectiveness of these programs and the administrative burden associated with their oversight. By repealing these statutes, the bill promotes a more streamlined process for providing assistance to businesses, particularly in the realm of economic development.

Contention

Notable points of contention surrounding HB 06468 center on the potential risks associated with removing these established programs and requirements. Critics argue that abolishing the threshold project requirements could lead to a lack of oversight in how funds are allocated and used, potentially resulting in inefficiencies or misuse of taxpayer dollars. Proponents, on the other hand, contend that the removal of these regulations will foster a more business-friendly environment, reducing red tape and facilitating quicker access to necessary funding for economic growth. The debate encompasses broader themes of balancing regulatory oversight with the need for economic flexibility in aiding businesses.