Connecticut House Bill HB05238

Connecticut 2023 Regular Session

• Introduced: 1/12/23
• Refer: 1/12/23

Caption

An Act Requiring An Annual Independent Audit Of The Partnership Plan 2.0.

Impact

By instituting a requirement for an annual audit, HB 05238 could significantly influence how the Partnership Plan 2.0 operates. It is expected to improve the financial accountability of the program and could protect the interests of stakeholders by ensuring that funds are being utilized effectively. This move towards mandatory audits reflects a broader trend in state governance focused on increasing transparency in fiscal operations, particularly in programs that involve significant public investment.

Summary

House Bill 05238 aims to enhance the financial oversight of the Partnership Plan 2.0 by mandating an annual independent audit of the Comptroller's books and accounts related to the Plan. The purpose of this legislation is to ensure transparency and accountability in the management of public funds associated with this partnership program, which is likely aimed at improving healthcare or insurance services. This bill highlights the growing emphasis on financial integrity in public sector programs.

Contention

While the bill is likely to receive support from those advocating for greater transparency in public finance, there may be concerns from individuals or groups that see mandatory audits as an administrative burden. Critics could argue that the costs associated with annual audits might outweigh the benefits, particularly if the existing financial oversight is already deemed sufficient. Nevertheless, proponents assert that establishing a regular auditing process will mitigate risks associated with financial mismanagement and reinforce public confidence in state-run programs.