CT HB05279

Changes procurement notice requirements for purchases exceeding $50,000 by requiring posting on the Internet at least five calendar days before the final bid submission date, replacing the previous requirement for newspaper publication.

Modifies faculty consulting agreement policies at state higher education institutions by changing internal audit compliance reviews from semiannual to annual reporting cycles.

Eliminates the University of Connecticut's ability to record accounts receivable from Uncas-on-Thames Hospital as assets and removes independent auditor verification requirements, replacing them with verification by the Auditors of Public Accounts upon request.

Restructures university patent and invention ownership provisions to automatically vest all rights in the university for inventions created during employment duties or with university resources, eliminating conditional assignment language.

Removes the Board of Regents for Higher Education's authority to approve University of Connecticut mission statements and streamlines reporting requirements by allowing direct submission to legislative committees rather than through the Board of Regents.