General Assembly Proposed Bill No. 6082 January Session, 2017 LCO No. 2205 *02205* Referred to Committee on APPROPRIATIONS Introduced by: REP. O'NEILL, 69th Dist. General Assembly Proposed Bill No. 6082 January Session, 2017 LCO No. 2205 *02205* Referred to Committee on APPROPRIATIONS Introduced by: REP. O'NEILL, 69th Dist. AN ACT DEFINING "INSUFFICIENT FUNDS" FOR PURPOSES OF LEGISLATIVE REJECTION OF STATE EMPLOYEE ARBITRATION AWARDS. Be it enacted by the Senate and House of Representatives in General Assembly convened: That subsection (b) of section 5-278 of the general statutes be amended to define "insufficient funds" as meaning (1) the state is projecting a budget deficit for the current fiscal year, (2) the state incurred a budget deficit during the previous fiscal year, (3) state expenditures for the current fiscal year are within ninety per cent of the statutory expenditure cap or ninety per cent of the constitutional expenditure cap if one is enacted, (4) the state is not currently providing full funding for the Education Cost Sharing grant to municipalities, or (5) the state's unfunded liabilities for the state employee retirement system, the teachers' retirement system and retiree health care are greater than fifty per cent of the total appropriations from all funds made in the state budget for the current fiscal year. Statement of Purpose: To define "insufficient funds" for purposes of the state collective bargaining process.