OLR Bill Analysis
AN ACT REQUIRING EXECUTIVE AND LEGISLATIVE REVIEW OF CERTAIN QUASI-PUBLIC AGENCY CONTRACTS.
This bill requires that the following quasi-public agency contracts and agreements be submitted, prior to execution or renewal, to the attorney general for review and comment and also to the legislative committee of cognizance over the agency: (1) employment contracts with an annual increase or bonus of more than $50,000, (2) consulting contracts with an annual cost of more than $500,000, and (3) separation agreements over $100,000. The bill exempts third-party consulting contracts associated with financial activities for the purposes of complying with state or federal law or regulation or administering a federal program.
EFFECTIVE DATE: October 1, 2018, and applicable to contracts entered into or renewed on or after this date.
sHB 5178, reported favorably by the Government Administration and Elections Committee, requires similar review of quasi-public agency contracts and agreements, without the exemption for financial consulting contracts. The bill also requires submission of the quasi-public agency's annual report to its committee of cognizance.
Government Administration and Elections Committee
Joint Favorable Substitute