CT SB01134

Relocates the State Bond Commission from executive branch to the Legislative Department, effective January 1, 2020, replacing Governor and executive officials with legislative leaders as members.

Commission membership consists of seven voting members: Senate President Pro Tempore, House Speaker, Senate Majority and Minority Leaders, House Majority and Minority Leaders, and cochairpersons/ranking minority members of the joint standing committee on finance, revenue and bonding.

Senate President Pro Tempore and House Speaker serve as cochairpersons and jointly prepare meeting agendas; Executive and Judicial Departments must submit bonding requests through designated officials in prescribed formats.

Prior to January 1, 2020, the Office of Policy and Management transfers all staff responsible for evaluating State Bond Commission projects to the legislative Office of Fiscal Analysis, maintaining their current compensation levels.

Legislative Office of Fiscal Analysis establishes a separate bonding section responsible for preparing commission agendas, researching and evaluating projects, and handling other bond-related duties.