Bill Summary: An Act Concerning Operations of the State Treasurer

• Amends Connecticut Municipal Redevelopment Authority bonding authority to allow issuance of bonds, notes, and obligations for carrying out authority purposes, including establishment of special capital reserve funds capped at $50 million.

• Requires state officers, employees, agencies, and boards to notify the State Treasurer of financial obligations exceeding $1 million or encumbering material state property, and to provide adequate disclosure information for federal securities law compliance.

• Removes the State Treasurer from the regional school district withdrawal and dissolution committee, eliminating the Treasurer position and replacing it with a municipal bonding and financing expert.

• Eliminates the Tax-Exempt Proceeds Fund by repealing sections 3-24a through 3-24h and removing references to it in investment provisions for various state funds and authorities.

• Revises State Treasurer reporting requirements to include detailed financial statements, investment performance analysis, and debt management activities in annual audited reports to the Governor.