LCO No. 5129 1 of 2
General Assembly Raised Bill No. 7091
January Session, 2025
LCO No. 5129
Referred to Committee on GOVERNMENT OVERSIGHT
Introduced by:
(GOS)
AN ACT CONCERNING AUDITS OF THE ENERGY ASSESSMENT
PROGRAM FOR RESIDENTIAL HOMEOWNERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. Subsection (f) of section 16-245n of the general statutes is 1
repealed and the following is substituted in lieu thereof (Effective October 2
1, 2025): 3
(f) (1) The board shall issue annually a report to the Department of 4
Energy and Environmental Protection reviewing the activities of the 5
Connecticut Green Bank in detail and shall provide a copy of such 6
report, in accordance with the provisions of section 11-4a, to the joint 7
standing committees of the General Assembly having cognizance of 8
matters relating to energy, the environment, banking and commerce. 9
The report shall include a description of the programs and activities 10
undertaken during the reporting period jointly or in collaboration with 11
the Conservation and Load Management Plan established pursuant to 12
section 16-245m. 13
(2) The Clean Energy Fund and the Environmental Infrastructure 14
Fund shall be audited annually. Such audits shall be conducted with 15
Raised Bill No. 7091
LCO No. 5129 2 of 2
generally accepted auditing standards by independent certified public 16
accountants certified by the State Board of Accountancy. Such 17
accountants may be the accountants for the Connecticut Green Bank. 18
(3) Any entity that receives financing for a clean energy or 19
environmental infrastructure project from the Clean Energy Fund or the 20
Environmental Infrastructure Fund shall provide the board an annual 21
statement, certified as correct by the chief financial officer of the 22
recipient of such financing, setting forth all sources and uses of funds in 23
such detail as may be required by the bank for such project. The 24
Connecticut Green Bank shall maintain any such audits for not less than 25
five years. Residential projects for buildings with one to four dwelling 26
units are exempt from this and any other annual auditing requirements, 27
except that (A) residential projects may be required to grant their utility 28
companies' permission to release their usage data to the Connecticut 29
Green Bank, and (B) in the case of any entity that receives funding from 30
the Clean Energy Fund for the conducting of energy assessments for 31
residential homeowners, the accounts of such entity shall be subject to 32
biennial audit by the Auditors of Public Accounts and such entity shall 33
provide any information said auditors deem necessary to conduct such 34
audit. 35
This act shall take effect as follows and shall amend the following
sections:
Section 1 October 1, 2025 16-245n(f)
Statement of Purpose:
To subject entities that provide energy assessments funded by the Clean
Energy Fund to residential homeowners to biennial audit by the
Auditors of Public Accounts.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
underlined.]