Bill Text: CT HB05178 | 2018 | General Assembly | Comm Sub
Bill Title: An Act Requiring Executive And Legislative Review Of Certain Quasi-public Agency Contracts And An Annual Review Of Each Quasi-public Agency.
Sponsorship: Committee Bill
Status: (Introduced - Dead) 2018-03-28 - File Number 56 [HB05178 Detail]
Download: Connecticut-2018-HB05178-Comm_Sub.html
General Assembly |
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February Session, 2018 |
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AN ACT REQUIRING EXECUTIVE AND LEGISLATIVE REVIEW OF CERTAIN QUASI-PUBLIC AGENCY CONTRACTS AND AN ANNUAL REVIEW OF EACH QUASI-PUBLIC AGENCY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2018, and applicable to contracts entered into or renewed on or after said date) (a) For the purposes of this section, "quasi-public agency" has the same meaning as provided in section 1-120 of the general statutes and "contract" means any of the following that a quasi-public agency intends to enter into or renew: (1) An employment contract with an annual increase or bonus of more than fifty thousand dollars, (2) a consulting contract with an annual cost of more than five hundred thousand dollars, or (3) a separation agreement with a cost of more than one hundred thousand dollars.
(b) On and after October 1, 2018, each quasi-public agency shall submit a copy of each contract to the Attorney General for review and comment prior to entering into or renewing such contract. The quasi-public agency shall also, at the time of submission of such contract to the Attorney General, submit a copy of such contract to the joint standing committee of the General Assembly having cognizance of such quasi-public agency, in accordance with the provisions of section 11-4a of the general statutes.
Sec. 2. Section 1-123 of the 2018 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2018):
(a) The board of directors of each quasi-public agency shall annually submit a report to the Governor, [and] the Auditors of Public Accounts and, in accordance with the provisions of section 11-4a, the joint standing committee of the General Assembly having cognizance of matters relating to the quasi-public agency. Such report shall include, but need not be limited to, the following: (1) A list of all bond issues for the preceding fiscal year, including, for each such issue, the financial advisor and underwriters, whether the issue was competitive, negotiated or privately placed, and the issue's face value and net proceeds; (2) a list of all projects other than those pertaining to owner-occupied housing or student loans receiving financial assistance during the preceding fiscal year, including each project's purpose, location, and the amount of funds provided by the agency; (3) a list of all outside individuals and firms receiving in excess of five thousand dollars in the form of loans, grants or payments for services, except for individuals receiving loans for owner-occupied housing and education; (4) a balance sheet showing all revenues and expenditures; (5) the cumulative value of all bonds issued, the value of outstanding bonds, and the amount of the state's contingent liability; (6) the affirmative action policy statement, a description of the composition of the agency's work force by race, sex, and occupation and a description of the agency's affirmative action efforts; and (7) a description of planned activities for the current fiscal year. The joint standing committee of the General Assembly having cognizance of matters relating to the quasi-public agency may conduct a hearing on such report and may require the quasi-public agency to provide additional information relating to such report.
(b) For the quarter commencing July 1, 2010, and for each quarter thereafter, the board of directors of each quasi-public agency shall submit a report to the Office of Fiscal Analysis. Such report shall include, but not be limited to, for each fund and account of the agency: (1) The beginning fiscal year balance; (2) all funds expended and all revenue collected by the end of the quarter; and (3) total expenditures and revenues estimated at the end of the fiscal year. For the purposes of this subsection, "expenditures" and "revenues" have the same meaning as provided in section 4-69.
(c) For the quarter commencing July 1, 2010, and for each quarter thereafter, the board of directors of each quasi-public agency shall submit a personnel status report to the Office of Fiscal Analysis. Such report shall include, but not be limited to: (1) The total number of employees by the end of the quarter; (2) the positions vacated and the positions filled by the end of the quarter; and (3) the positions estimated to be vacant and the positions estimated to be filled at the end of the fiscal year.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
October 1, 2018, and applicable to contracts entered into or renewed on or after said date |
New section |
Sec. 2 |
July 1, 2018 |
1-123 |
GAE |
Joint Favorable Subst. |