Connecticut Senate Bill SB00441

Connecticut 2016 Regular Session

• Introduced: 3/9/16
• Refer: 3/9/16

Caption

An Act Requiring Certain State Payments To Vendors Be Made By Check Or Electronic Transfer.

Impact

The implications of SB 00441 are significant as it mandates a shift in how state agencies manage their financial transactions. By enforcing electronic payments, this bill could reduce administrative burdens associated with paper checks, enhance fraud protection, and promote timely payments to vendors. Additionally, it establishes clear guidelines for state agencies, defining their responsibilities and the types of payments that fall under this mandate, therefore simplifying their procurement processes.

Summary

Senate Bill 00441 requires state agencies to make payments to vendors exclusively through checks or electronic transfers, unless the recipient requests otherwise. The bill aims to streamline payment processes and ensure efficiency in state procurement practices. This legislation is expected to modernize the payment system for goods and services provided to the state, reflecting current technological advancements in banking and payment methods.

Contention

While the bill primarily aims to improve efficiency, there may be concerns regarding the transition to electronic payments for all vendors. Some stakeholders might argue about potential access issues for vendors who may not have the resources or technology to receive payments electronically. Critics could also raise concerns about the implementation costs associated with updating existing systems and training personnel within state agencies to adapt to these changes. As such, the legislation may face pushback regarding its practicality and potential impact on small vendors.