CT SB00261

State-wide elected officers, General Assembly members, department heads, quasi-public agency directors, and Investment Advisory Council members must file electronic statements of financial interests with the Office of State Ethics by May 1st each year, with notification and filing requirements within 60 days for departing officials.

Each state agency, department, board and commission must develop and implement an ethics statement in cooperation with the Office of State Ethics, with the executive head responsible for its development and enforcement.

Financial interest statements must disclose business associations, income sources exceeding $1,000, securities exceeding $5,000 at fair market value, real property, debts exceeding $10,000, state contracts or leases, and names of lobbyists or persons doing business with the state who are business partners or affiliates.

Securities held in retirement plans (Section 401, 403, 408/408A, 457, or 529 plans) exceeding $5,000 do not require individual security names to be disclosed; only the plan name holding the securities must be reported.

The act takes effect October 1, 2024 and amends Connecticut General Statutes sections 1-83(a) and (b).