Substitute Bill No. 6664 Summary

• Establishes transparency requirements for 17 quasi-public agencies including Connecticut Innovations, Housing Finance Authority, Green Bank, and others by requiring submission of separation agreements and large contracts to the Attorney General for review prior to execution.

• Requires quasi-public agencies to provide public notice and opportunity for comment at least two weeks before entering into construction or consulting contracts exceeding $1 million, excluding employment contracts.

• Changes audits of quasi-public agencies from biennial to annual, with the Auditors of Public Accounts submitting compliance reports to the Governor and relevant legislative committees.

• Requires new quasi-public agencies established after July 1, 2021 to adopt governance procedures, hire an executive director, establish budgets with tracking software, and submit status reports to legislative committees within six months and annually thereafter.

• Adds attendance requirements to quasi-public agency boards, providing that members who fail to attend three consecutive meetings or 50% of annual meetings are deemed to have resigned; applies to Connecticut Innovations, Health and Educational Facilities Authority, Housing Finance Authority, Green Bank, and other specified agencies.