CT
Connecticut Senate Bill SB01154

Connecticut 2023 Regular Session

Connecticut Senate Bill SB01154 Compare Versions

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4-Senate Bill No. 1154
7+General Assembly Raised Bill No. 1154
8+January Session, 2023
9+LCO No. 4664
510
6-Public Act No. 23-197
11+
12+Referred to Committee on GOVERNMENT
13+ADMINISTRATION AND ELECTIONS
14+
15+
16+Introduced by:
17+(GAE)
18+
719
820
921 AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE
1022 AUDITORS OF PUBLIC ACCOUNTS.
1123 Be it enacted by the Senate and House of Representatives in General
1224 Assembly convened:
1325
14-Section 1. Subdivision (13) of subsection (b) of section 1-210 of the
15-general statutes is repealed and the following is substituted in lieu
16-thereof (Effective October 1, 2023):
17-(13) Records of an investigation, including any complaint or the name
18-of [an employee] a person providing information under the provisions
19-of section 4-61dd or sections 4-276 to 4-280, inclusive;
20-Sec. 2. Subsections (b) and (c) of section 7-395 of the general statutes
21-are repealed and the following is substituted in lieu thereof (Effective
22-October 1, 2023):
23-(b) If, upon such review of the audit report, the secretary finds (1) that
24-such audit has not been prepared in accordance with subsection (a) of
25-section 7-394a, and the municipality, regional school district or audited
26-agency did not request permission to have the audit report prepared in
27-a manner not in compliance with said subsection; or (2) evidence of
28-unsound or irregular financial practices or management letter
29-comments or lack of internal controls in relation to commonly accepted
30-standards in municipal finance, then the secretary shall prepare a report Senate Bill No. 1154
26+Section 1. Subdivision (13) of subsection (b) of section 1-210 of the 1
27+general statutes is repealed and the following is substituted in lieu 2
28+thereof (Effective October 1, 2023): 3
29+(13) Records of an investigation or the name of an employee 4
30+providing information under the provisions of section 4-61dd or 5
31+sections 4-276 to 4-280, inclusive, or of any complaint made pursuant 6
32+to section 4-61dd; 7
33+Sec. 2. Subdivision (1) of subsection (e) of section 14-44 of the 8
34+general statutes is repealed and the following is substituted in lieu 9
35+thereof (Effective October 1, 2023): 10
36+(e) (1) Prior to issuing an operator's license bearing a public 11
37+passenger endorsement pursuant to subsection (a) of this section, the 12
38+Commissioner of Motor Vehicles shall require each applicant to submit 13 Bill No. 1154
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32-Public Act No. 23-197 2 of 8
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34-concerning such finding, including, but not limited to, information to
35-aid in the evaluation of such finding and recommendations for
36-corrective action. The secretary shall submit such report to (A) the
37-Municipal Finance Advisory Commission established pursuant to
38-section 7-394b; (B) the Auditors of Public Accounts; and (C) the chief
39-executive officer and clerk of the municipality, superintendent of
40-schools for the regional school district or chief executive officer of the
41-audited agency.
42-(c) Upon receipt of a report submitted pursuant to subsection (b) of
43-this section, the legislative body of the municipality, or in a municipality
44-where the legislative body is a town meeting, the board of selectmen, or
45-if the report involves a school district operating within its boundaries,
46-the regional board of education, shall hold a public meeting to discuss
47-the nature of the unsound or irregular financial practices, management
48-letter comments or lack of internal controls in relation to commonly
49-accepted standards in municipal finance, to address potential causes for
50-such practices, comments or lack of internal controls and to inform
51-proposing a plan for corrective action. After such meeting, the chief
52-executive officer of a municipality or audited agency or superintendent
53-of schools for the regional school district shall attest to and explain the
54-secretary's findings and submit a plan for corrective action, in writing,
55-to the secretary.
56-Sec. 3. Subsections (c) and (d) of section 3-115b of the general statutes
57-are repealed and the following is substituted in lieu thereof (Effective
58-October 1, 2023):
59-(c) The Comptroller shall establish an opening combined balance
60-sheet for each appropriated fund as of July 1, 2013, on the basis of
61-generally accepted accounting principles. The accumulated deficit in the
62-General Fund on June 30, 2013, as determined on the basis of generally
63-accepted accounting principles and identified in the annual
64-comprehensive [annual] financial report of the state as the unassigned Senate Bill No. 1154
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45+to state and national criminal history records checks, conducted in 14
46+accordance with section 29-17a. The Commissioner of Motor Vehicles 15
47+may subsequently require a person who has been issued an operator's 16
48+license with a public passenger endorsement to operate a school bus or 17
49+student transportation vehicle to submit to such state and national 18
50+criminal history records checks periodically, including, but not limited 19
51+to, prior to any renewal of such license. The Commissioner of 20
52+Emergency Services and Public Protection shall complete such state 21
53+and national criminal history records checks required pursuant to this 22
54+section within sixty days of receiving such a request for a check of such 23
55+records. If notice of a state or national criminal history record is 24
56+received, the Commissioner of Motor Vehicles may, subject to the 25
57+provisions of section 46a-80, refuse to issue an operator's license 26
58+bearing such public passenger endorsement and, in such case, shall 27
59+immediately notify the applicant, in writing, of such refusal. Each 28
60+applicant for a public passenger endorsement to operate a school bus 29
61+or student transportation vehicle shall submit to a check of the state 30
62+child abuse and neglect registry established pursuant to section 17a-31
63+101k. If notification that the applicant is listed as a perpetrator of abuse 32
64+on the state child abuse and neglect registry is received, the 33
65+Commissioner of Motor Vehicles may refuse to issue an operator's 34
66+license bearing such public passenger endorsement and, in such case, 35
67+shall immediately notify the applicant, in writing, of such refusal. The 36
68+Commissioner of Motor Vehicles shall not issue a temporary operator's 37
69+license bearing a public passenger endorsement for operation of a 38
70+school bus or student transportation vehicle. 39
71+Sec. 3. Subsections (b) and (c) of section 7-395 of the general statutes 40
72+are repealed and the following is substituted in lieu thereof (Effective 41
73+October 1, 2023): 42
74+(b) If, upon such review of the audit report, the secretary finds (1) 43
75+that such audit has not been prepared in accordance with subsection 44
76+(a) of section 7-394a, and the municipality, regional school district or 45
77+audited agency did not request permission to have the audit report 46 Bill No. 1154
6778
68-negative balance of the General Fund on said date, reduced by any
69-funds deposited in the General Fund from other resources for the
70-purpose of reducing the negative unassigned balance of the fund, shall
71-be amortized in each fiscal year of each biennial budget, commencing
72-with the fiscal year ending June 30, 2016, and for the succeeding twelve
73-fiscal years. The Comptroller shall, to the extent necessary to report the
74-fiscal position of the state in accordance with generally accepted
75-accounting principles, reconcile the unassigned balance in the General
76-Fund at the end of each fiscal year to the unassigned balance in the
77-General Fund on June 30, 2013, the portion already amortized and any
78-unassigned balance created after June 30, 2013. The Secretary of the
79-Office of Policy and Management shall annually publish a
80-recommended amortization schedule to fully reduce such negative
81-unassigned balance by June 30, 2028.
82-(d) The unreserved negative balance in the General Fund reported in
83-the annual comprehensive [annual] financial report issued by the
84-Comptroller for the fiscal year ending June 30, 2014, reduced by (1) the
85-negative unassigned balance in the General Fund for the fiscal year
86-ending June 30, 2013, and (2) any funds from other resources deposited
87-in the General Fund for the purpose of reducing the negative
88-unassigned balance of the fund shall be amortized in each fiscal year of
89-each biennial budget, commencing with the fiscal year ending June 30,
90-2018, and for the succeeding ten fiscal years. The Secretary of the Office
91-of Policy and Management shall annually publish a recommended
92-amortization schedule to fully reduce such negative unassigned balance
93-by June 30, 2028.
94-Sec. 4. Section 4-72 of the general statutes is repealed and the
95-following is substituted in lieu thereof (Effective October 1, 2023):
96-(a) The budget document shall consist of the Governor's budget
97-message in which he or she shall set forth as follows: (1) The Governor's
98-program for meeting all the expenditure needs of the government for Senate Bill No. 1154
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102-each fiscal year of the biennium to which the budget relates, indicating
103-the classes of funds, general or special, from which such appropriations
104-are to be made and the means through which such expenditure shall be
105-financed; and (2) financial statements giving in summary form: (A) The
106-financial position of all major state operating funds including revolving
107-funds at the end of the last-completed fiscal year in a form consistent
108-with accepted accounting practice. The Governor shall also set forth in
109-similar form the estimated position of each such fund at the end of the
110-year in progress and the estimated position of each such fund at the end
111-of each fiscal year of the biennium to which the budget relates if the
112-Governor's proposals are put into effect; (B) a statement showing as of
113-the close of the last-completed fiscal year, a year by year summary of all
114-outstanding general obligation and special tax obligation debt of the
115-state and a statement showing the yearly interest requirements on such
116-outstanding debt; (C) a summary of appropriations recommended for
117-each fiscal year of the biennium to which the budget relates for each
118-budgeted agency and for the state as a whole in comparison with actual
119-expenditures of the last-completed fiscal year and appropriations and
120-estimated expenditures for the year in progress; (D) for the biennium
121-commencing July 1, 1999, and each biennium thereafter, a summary of
122-estimated expenditures for certain fringe benefits for each fiscal year of
123-the biennium to which the budget relates for each budgeted agency; (E)
124-a summary of permanent full-time positions setting forth the number
125-filled and the number vacant as of the end of the last-completed fiscal
126-year, the total number intended to be funded by appropriations without
127-reduction for turnover for the fiscal year in progress, the total number
128-requested and the total number recommended for each fiscal year of the
129-biennium to which the budget relates; (F) a statement of expenditures
130-for the last-completed and current fiscal years, the agency request and
131-the Governor's recommendation for each fiscal year of the ensuing
132-biennium and, for any new or expanded program, estimated
133-expenditure requirements for the fiscal year next succeeding the
134-biennium to which the budget relates; (G) an explanation of any Senate Bill No. 1154
84+prepared in a manner not in compliance with said subsection; or (2) 47
85+evidence of unsound or irregular financial practices or management 48
86+letter comments or lack of internal controls in relation to commonly 49
87+accepted standards in municipal finance, then the secretary shall 50
88+prepare a report concerning such finding, including, but not limited to, 51
89+information to aid in the evaluation of such finding and 52
90+recommendations for corrective action. The secretary shall submit such 53
91+report to (A) the Municipal Finance Advisory Commission established 54
92+pursuant to section 7-394b; (B) the Auditors of Public Accounts; and 55
93+(C) the chief executive officer and clerk of the municipality, 56
94+superintendent of schools for the regional school district or chief 57
95+executive officer of the audited agency. 58
96+(c) Upon receipt of a report submitted pursuant to subsection (b) of 59
97+this section, the legislative body of the municipality, or in a 60
98+municipality where the legislative body is a town meeting, the board 61
99+of selectmen, or if the report involves a school district operating within 62
100+its boundaries, the regional board of education, shall hold a public 63
101+meeting to discuss the nature of the unsound or irregular financial 64
102+practices, management letter comments or lack of internal controls in 65
103+relation to commonly accepted standards in municipal finance, to 66
104+address potential causes for such practices, comments or lack of 67
105+internal controls and to inform proposing a plan for corrective action. 68
106+After such meeting, the chief executive officer of a municipality or 69
107+audited agency or superintendent of schools for the regional school 70
108+district shall attest to and explain the secretary's findings and submit a 71
109+plan for corrective action, in writing, to the secretary. 72
110+Sec. 4. Subsections (c) and (d) of section 3-115b of the general 73
111+statutes are repealed and the following is substituted in lieu thereof 74
112+(Effective October 1, 2023): 75
113+(c) The Comptroller shall establish an opening combined balance 76
114+sheet for each appropriated fund as of July 1, 2013, on the basis of 77
115+generally accepted accounting principles. The accumulated deficit in 78
116+the General Fund on June 30, 2013, as determined on the basis of 79 Bill No. 1154
135117
136-Public Act No. 23-197 5 of 8
137118
138-significant program changes requested by the agency or recommended
139-by the Governor; (H) a summary of the revenue estimated to be received
140-by the state during each fiscal year of the biennium to which the budget
141-relates classified according to sources in comparison with the actual
142-revenue received by the state during the last-completed fiscal year and
143-estimated revenue during the year in progress; and (I) such other
144-financial statements, data and comments as in the Governor's opinion
145-are necessary or desirable in order to make known in all practicable
146-detail the financial condition and operations of the government and the
147-effect that the budget as proposed by the Governor will have on such
148-condition and operations.
149-(b) If the estimated revenue of the state for the ensuing biennium as
150-set forth in the budget on the basis of existing statutes is less than the
151-sum of net appropriations recommended for the ensuing biennium as
152-contained in the budget, plus, for the fiscal year ending June 30, 2014,
153-and each fiscal year thereafter, the projected amount necessary to
154-extinguish any unreserved negative balance in such fund as reported in
155-the most recently audited annual comprehensive [annual] financial
156-report issued by the Comptroller prior to the start of the biennium, the
157-Governor shall make recommendations to the General Assembly in
158-respect to the manner in which such deficit shall be met, whether by an
159-increase in the indebtedness of the state, by the imposition of new taxes,
160-by increased rates on existing taxes or otherwise. If the aggregate of such
161-estimated revenue is greater than the sum of such recommended
162-appropriations for the ensuing biennium plus, for the fiscal year ending
163-June 30, 2014, and each fiscal year thereafter, the projected amount
164-necessary to extinguish any unreserved negative balance in such fund
165-as reported in the most recently issued annual report of the Comptroller
166-published in accordance with section 3-115, the Governor shall make
167-such recommendations for the use of such surplus for the reduction of
168-indebtedness, for the reduction in taxation or for other purposes as in
169-the Governor's opinion are in the best interest of the public welfare. Senate Bill No. 1154
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123+generally accepted accounting principles and identified in the annual 80
124+comprehensive [annual] financial report of the state as the unassigned 81
125+negative balance of the General Fund on said date, reduced by any 82
126+funds deposited in the General Fund from other resources for the 83
127+purpose of reducing the negative unassigned balance of the fund, shall 84
128+be amortized in each fiscal year of each biennial budget, commencing 85
129+with the fiscal year ending June 30, 2016, and for the succeeding twelve 86
130+fiscal years. The Comptroller shall, to the extent necessary to report the 87
131+fiscal position of the state in accordance with generally accepted 88
132+accounting principles, reconcile the unassigned balance in the General 89
133+Fund at the end of each fiscal year to the unassigned balance in the 90
134+General Fund on June 30, 2013, the portion already amortized and any 91
135+unassigned balance created after June 30, 2013. The Secretary of the 92
136+Office of Policy and Management shall annually publish a 93
137+recommended amortization schedule to fully reduce such negative 94
138+unassigned balance by June 30, 2028. 95
139+(d) The unreserved negative balance in the General Fund reported 96
140+in the annual comprehensive [annual] financial report issued by the 97
141+Comptroller for the fiscal year ending June 30, 2014, reduced by (1) the 98
142+negative unassigned balance in the General Fund for the fiscal year 99
143+ending June 30, 2013, and (2) any funds from other resources deposited 100
144+in the General Fund for the purpose of reducing the negative 101
145+unassigned balance of the fund shall be amortized in each fiscal year of 102
146+each biennial budget, commencing with the fiscal year ending June 30, 103
147+2018, and for the succeeding ten fiscal years. The Secretary of the Office 104
148+of Policy and Management shall annually publish a recommended 105
149+amortization schedule to fully reduce such negative unassigned 106
150+balance by June 30, 2028. 107
151+Sec. 5. Section 4-72 of the general statutes is repealed and the 108
152+following is substituted in lieu thereof (Effective October 1, 2023): 109
153+(a) The budget document shall consist of the Governor's budget 110
154+message in which he or she shall set forth as follows: (1) The 111
155+Governor's program for meeting all the expenditure needs of the 112 Bill No. 1154
172156
173-Sec. 5. Subsection (a) of section 8-169mm of the general statutes is
174-repealed and the following is substituted in lieu thereof (Effective October
175-1, 2023):
176-(a) In lieu of the report required under section 1-123, within the first
177-ninety days of each fiscal year of the Connecticut Municipal
178-Redevelopment Authority, the board of directors of the authority shall
179-submit a report to the Governor, the Auditors of Public Accounts and
180-the joint standing committee of the General Assembly having
181-cognizance of matters relating to finance, revenue and bonding. Such
182-report shall include, but not be limited to, the following: (1) A list of all
183-bonds issued during the preceding fiscal year, including, for each such
184-issue, the financial advisor and underwriters, whether the issue was
185-competitive, negotiated or privately placed, and the issue's face value
186-and net proceeds; (2) a description of each authority development
187-project in which the authority is involved, its location and the amount
188-of funds, if any, provided by the authority with respect to the
189-construction of such project; (3) a list of all outside individuals and
190-firms, including principal and other major stockholders, receiving in
191-excess of five thousand dollars as payments for services; (4) [a] an
192-annual comprehensive [annual] financial report prepared in accordance
193-with generally accepted accounting principles for governmental
194-enterprises; (5) the cumulative value of all bonds issued, the value of
195-outstanding bonds and the amount of the state's contingent liability; (6)
196-the affirmative action policy adopted pursuant to section 8-169kk, a
197-description of the composition of the workforce of the Connecticut
198-Municipal Redevelopment Authority by race, sex and occupation and a
199-description of the affirmative action efforts of the authority; and (7) a
200-description of planned activities for the current fiscal year.
201-Sec. 6. Subsection (a) of section 15-120o of the general statutes is
202-repealed and the following is substituted in lieu thereof (Effective October
203-1, 2023): Senate Bill No. 1154
204157
205-Public Act No. 23-197 7 of 8
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207-(a) Within the first ninety days of each fiscal year of the authority, the
208-board of directors of the authority shall submit a report to the Governor,
209-the Auditors of Public Accounts and the joint standing committee of the
210-General Assembly having cognizance of matters relating to finance,
211-revenue and bonding. Such report shall include, but not be limited to,
212-the following: (1) A list of all bonds issued during the preceding fiscal
213-year, including, for each such issue, the financial advisor and
214-underwriters, whether the issue was competitive, negotiated or
215-privately placed, and the issue's face value and net proceeds; (2) a
216-description of the project, its location, and the amount of funds, if any,
217-provided by the authority with respect to the construction of the project;
218-(3) a list of all outside individuals and firms receiving in excess of five
219-thousand dollars in the form of loans, grants or payments for services;
220-(4) [a] an annual comprehensive [annual] financial report prepared in
221-accordance with generally accepted accounting principles for
222-governmental enterprises; (5) the cumulative value of all bonds issued,
223-the value of outstanding bonds, and the amount of the state's contingent
224-liability; (6) the affirmative action policy statement, a description of the
225-composition of the work force of the authority by race, sex and
226-occupation and a description of the affirmative action efforts of the
227-authority; and (7) a description of planned activities for the current fiscal
228-year.
229-Sec. 7. Subsection (a) of section 32-605 of the general statutes is
230-repealed and the following is substituted in lieu thereof (Effective October
231-1, 2023):
232-(a) In lieu of the report required under section 1-123, within the first
233-ninety days of each fiscal year of the Capital Region Development
234-Authority, the board of directors of the authority shall submit a report
235-to the Governor, the Auditors of Public Accounts and the joint standing
236-committee of the General Assembly having cognizance of matters
237-relating to finance, revenue and bonding. Such report shall include, but Senate Bill No. 1154
162+government for each fiscal year of the biennium to which the budget 113
163+relates, indicating the classes of funds, general or special, from which 114
164+such appropriations are to be made and the means through which such 115
165+expenditure shall be financed; and (2) financial statements giving in 116
166+summary form: (A) The financial position of all major state operating 117
167+funds including revolving funds at the end of the last-completed fiscal 118
168+year in a form consistent with accepted accounting practice. The 119
169+Governor shall also set forth in similar form the estimated position of 120
170+each such fund at the end of the year in progress and the estimated 121
171+position of each such fund at the end of each fiscal year of the 122
172+biennium to which the budget relates if the Governor's proposals are 123
173+put into effect; (B) a statement showing as of the close of the last-124
174+completed fiscal year, a year by year summary of all outstanding 125
175+general obligation and special tax obligation debt of the state and a 126
176+statement showing the yearly interest requirements on such 127
177+outstanding debt; (C) a summary of appropriations recommended for 128
178+each fiscal year of the biennium to which the budget relates for each 129
179+budgeted agency and for the state as a whole in comparison with 130
180+actual expenditures of the last-completed fiscal year and 131
181+appropriations and estimated expenditures for the year in progress; 132
182+(D) for the biennium commencing July 1, 1999, and each biennium 133
183+thereafter, a summary of estimated expenditures for certain fringe 134
184+benefits for each fiscal year of the biennium to which the budget 135
185+relates for each budgeted agency; (E) a summary of permanent full-136
186+time positions setting forth the number filled and the number vacant 137
187+as of the end of the last-completed fiscal year, the total number 138
188+intended to be funded by appropriations without reduction for 139
189+turnover for the fiscal year in progress, the total number requested and 140
190+the total number recommended for each fiscal year of the biennium to 141
191+which the budget relates; (F) a statement of expenditures for the last-142
192+completed and current fiscal years, the agency request and the 143
193+Governor's recommendation for each fiscal year of the ensuing 144
194+biennium and, for any new or expanded program, estimated 145
195+expenditure requirements for the fiscal year next succeeding the 146
196+biennium to which the budget relates; (G) an explanation of any 147 Bill No. 1154
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241-not be limited to, the following: (1) A list of all bonds issued during the
242-preceding fiscal year, including, for each such issue, the financial
243-advisor and underwriters, whether the issue was competitive,
244-negotiated or privately placed, and the issue's face value and net
245-proceeds; (2) a description of the capital city project or any economic
246-development project in the capital region in which the authority is
247-involved, its location and the amount of funds, if any, provided by the
248-authority with respect to the construction of such project; (3) a list of all
249-outside individuals and firms, including principal and other major
250-stockholders, receiving in excess of five thousand dollars as payments
251-for services; (4) [a] an annual comprehensive [annual] financial report
252-prepared in accordance with generally accepted accounting principles
253-for governmental enterprises; (5) the cumulative value of all bonds
254-issued, the value of outstanding bonds and the amount of the state's
255-contingent liability; (6) the affirmative action policy statement, a
256-description of the composition of the work force of the authority by race,
257-sex and occupation and a description of the affirmative action efforts of
258-the authority; (7) a description of planned activities for the current fiscal
259-year; (8) a list of all private investments made or committed for
260-commercial development within the capital city economic development
261-district; and (9) an analysis of the authority's success in achieving the
262-purposes stated in section 32-602.
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203+significant program changes requested by the agency or recommended 148
204+by the Governor; (H) a summary of the revenue estimated to be 149
205+received by the state during each fiscal year of the biennium to which 150
206+the budget relates classified according to sources in comparison with 151
207+the actual revenue received by the state during the last-completed 152
208+fiscal year and estimated revenue during the year in progress; and (I) 153
209+such other financial statements, data and comments as in the 154
210+Governor's opinion are necessary or desirable in order to make known 155
211+in all practicable detail the financial condition and operations of the 156
212+government and the effect that the budget as proposed by the 157
213+Governor will have on such condition and operations. 158
214+(b) If the estimated revenue of the state for the ensuing biennium as 159
215+set forth in the budget on the basis of existing statutes is less than the 160
216+sum of net appropriations recommended for the ensuing biennium as 161
217+contained in the budget, plus, for the fiscal year ending June 30, 2014, 162
218+and each fiscal year thereafter, the projected amount necessary to 163
219+extinguish any unreserved negative balance in such fund as reported 164
220+in the most recently audited annual comprehensive [annual] financial 165
221+report issued by the Comptroller prior to the start of the biennium, the 166
222+Governor shall make recommendations to the General Assembly in 167
223+respect to the manner in which such deficit shall be met, whether by an 168
224+increase in the indebtedness of the state, by the imposition of new 169
225+taxes, by increased rates on existing taxes or otherwise. If the aggregate 170
226+of such estimated revenue is greater than the sum of such 171
227+recommended appropriations for the ensuing biennium plus, for the 172
228+fiscal year ending June 30, 2014, and each fiscal year thereafter, the 173
229+projected amount necessary to extinguish any unreserved negative 174
230+balance in such fund as reported in the most recently issued annual 175
231+report of the Comptroller published in accordance with section 3-115, 176
232+the Governor shall make such recommendations for the use of such 177
233+surplus for the reduction of indebtedness, for the reduction in taxation 178
234+or for other purposes as in the Governor's opinion are in the best 179
235+interest of the public welfare. 180 Bill No. 1154
236+
237+
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241+
242+Sec. 6. Subsection (a) of section 8-169mm of the general statutes is 181
243+repealed and the following is substituted in lieu thereof (Effective 182
244+October 1, 2023): 183
245+(a) In lieu of the report required under section 1-123, within the first 184
246+ninety days of each fiscal year of the Connecticut Municipal 185
247+Redevelopment Authority, the board of directors of the authority shall 186
248+submit a report to the Governor, the Auditors of Public Accounts and 187
249+the joint standing committee of the General Assembly having 188
250+cognizance of matters relating to finance, revenue and bonding. Such 189
251+report shall include, but not be limited to, the following: (1) A list of all 190
252+bonds issued during the preceding fiscal year, including, for each such 191
253+issue, the financial advisor and underwriters, whether the issue was 192
254+competitive, negotiated or privately placed, and the issue's face value 193
255+and net proceeds; (2) a description of each authority development 194
256+project in which the authority is involved, its location and the amount 195
257+of funds, if any, provided by the authority with respect to the 196
258+construction of such project; (3) a list of all outside individuals and 197
259+firms, including principal and other major stockholders, receiving in 198
260+excess of five thousand dollars as payments for services; (4) [a] an 199
261+annual comprehensive [annual] financial report prepared in 200
262+accordance with generally accepted accounting principles for 201
263+governmental enterprises; (5) the cumulative value of all bonds issued, 202
264+the value of outstanding bonds and the amount of the state's 203
265+contingent liability; (6) the affirmative action policy adopted pursuant 204
266+to section 8-169kk, a description of the composition of the workforce of 205
267+the Connecticut Municipal Redevelopment Authority by race, sex and 206
268+occupation and a description of the affirmative action efforts of the 207
269+authority; and (7) a description of planned activities for the current 208
270+fiscal year. 209
271+Sec. 7. Subsection (a) of section 15-120o of the general statutes is 210
272+repealed and the following is substituted in lieu thereof (Effective 211
273+October 1, 2023): 212
274+(a) Within the first ninety days of each fiscal year of the authority, 213 Bill No. 1154
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281+the board of directors of the authority shall submit a report to the 214
282+Governor, the Auditors of Public Accounts and the joint standing 215
283+committee of the General Assembly having cognizance of matters 216
284+relating to finance, revenue and bonding. Such report shall include, 217
285+but not be limited to, the following: (1) A list of all bonds issued during 218
286+the preceding fiscal year, including, for each such issue, the financial 219
287+advisor and underwriters, whether the issue was competitive, 220
288+negotiated or privately placed, and the issue's face value and net 221
289+proceeds; (2) a description of the project, its location, and the amount 222
290+of funds, if any, provided by the authority with respect to the 223
291+construction of the project; (3) a list of all outside individuals and firms 224
292+receiving in excess of five thousand dollars in the form of loans, grants 225
293+or payments for services; (4) [a] an annual comprehensive [annual] 226
294+financial report prepared in accordance with generally accepted 227
295+accounting principles for governmental enterprises; (5) the cumulative 228
296+value of all bonds issued, the value of outstanding bonds, and the 229
297+amount of the state's contingent liability; (6) the affirmative action 230
298+policy statement, a description of the composition of the work force of 231
299+the authority by race, sex and occupation and a description of the 232
300+affirmative action efforts of the authority; and (7) a description of 233
301+planned activities for the current fiscal year. 234
302+Sec. 8. Subsection (a) of section 32-605 of the general statutes is 235
303+repealed and the following is substituted in lieu thereof (Effective 236
304+October 1, 2023): 237
305+(a) In lieu of the report required under section 1-123, within the first 238
306+ninety days of each fiscal year of the Capital Region Development 239
307+Authority, the board of directors of the authority shall submit a report 240
308+to the Governor, the Auditors of Public Accounts and the joint 241
309+standing committee of the General Assembly having cognizance of 242
310+matters relating to finance, revenue and bonding. Such report shall 243
311+include, but not be limited to, the following: (1) A list of all bonds 244
312+issued during the preceding fiscal year, including, for each such issue, 245
313+the financial advisor and underwriters, whether the issue was 246 Bill No. 1154
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320+competitive, negotiated or privately placed, and the issue's face value 247
321+and net proceeds; (2) a description of the capital city project or any 248
322+economic development project in the capital region in which the 249
323+authority is involved, its location and the amount of funds, if any, 250
324+provided by the authority with respect to the construction of such 251
325+project; (3) a list of all outside individuals and firms, including 252
326+principal and other major stockholders, receiving in excess of five 253
327+thousand dollars as payments for services; (4) [a] an annual 254
328+comprehensive [annual] financial report prepared in accordance with 255
329+generally accepted accounting principles for governmental enterprises; 256
330+(5) the cumulative value of all bonds issued, the value of outstanding 257
331+bonds and the amount of the state's contingent liability; (6) the 258
332+affirmative action policy statement, a description of the composition of 259
333+the work force of the authority by race, sex and occupation and a 260
334+description of the affirmative action efforts of the authority; (7) a 261
335+description of planned activities for the current fiscal year; (8) a list of 262
336+all private investments made or committed for commercial 263
337+development within the capital city economic development district; 264
338+and (9) an analysis of the authority's success in achieving the purposes 265
339+stated in section 32-602. 266
340+This act shall take effect as follows and shall amend the following
341+sections:
342+
343+Section 1 October 1, 2023 1-210(b)(13)
344+Sec. 2 October 1, 2023 14-44(e)(1)
345+Sec. 3 October 1, 2023 7-395(b) and (c)
346+Sec. 4 October 1, 2023 3-115b(c) and (d)
347+Sec. 5 October 1, 2023 4-72
348+Sec. 6 October 1, 2023 8-169mm(a)
349+Sec. 7 October 1, 2023 15-120o(a)
350+Sec. 8 October 1, 2023 32-605(a)
351+
352+GAE Joint Favorable
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