Connecticut Senate Bill SB00440

Connecticut 2016 Regular Session

• Introduced: 3/9/16
• Refer: 3/9/16

Caption

An Act Requiring The Disclosure Of Certain Records Of The Foundation Of The University Of Connecticut.

Impact

The implementation of SB00440 is expected to have significant implications for state laws concerning public records and donor confidentiality. By requiring the public disclosure of donor identities unless specifically requested to remain confidential, the bill seeks to foster a culture of transparency in higher education funding. This move aligns with broader efforts across the country to disclose financial contributions to educational institutions, which could encourage more responsible financial practices and donor accountability.

Summary

SB00440 is a legislative act aimed at enhancing the transparency of financial activities related to the Foundation of the University of Connecticut. Specifically, the bill mandates the disclosure of certain records including wages and salaries of university staff and faculty, identities of donors, and information on naming rights associated with donations. This effort aims to promote accountability within the university’s foundation by ensuring that financial contributions and compensations are made available to the public.

Contention

The bill has been met with some contention, particularly around privacy concerns from donors who may wish to remain anonymous. Critics argue that mandatory disclosure could deter potential contributions, particularly from individuals or organizations that prefer to support causes without public recognition. Supporters counter that the benefits of transparency and public accountability outweigh these concerns, asserting that taxpayers and stakeholders have a right to know how university funds are being allocated and who supports the institution financially. This debate highlights the ongoing tension between the need for transparency in public operations and the desire for privacy in charitable contributions.