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CT HB06194

Bill

Status

Introduced

1/23/2025

Primary Sponsor

Banking Committee

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Requires administrators of state charitable funds or accounts established by public or special act to submit electronic reports to Senate and House clerks prior to terminating such funds

  • Reports must disclose the intent to terminate the fund or account and an estimate of the anticipated balance at termination

  • Applies to funds administered by the state, state agencies, departments, institutions, bureaus, boards, commissions, authorities, or state officials

  • Reporting requirement applies only "to the extent practicable"

  • Effective October 1, 2025

Legislative Description

An Act Requiring Reports Concerning The Termination Of Certain Funds And Accounts.

Last Action

File Number 226

3/25/2025

Committee Referrals

Banking1/23/2025

Full Bill Text

No bill text available