CT SB00323

Members of boards, commissions, committees, and councils within the Executive Department who have authority to enter into or approve large state construction or procurement contracts must file statements of financial interests electronically with the Office of State Ethics by May 1st annually

Securities held in tax-sheltered annuity retirement plans (Section 403 of Internal Revenue Code) are added to the list of retirement accounts where only the plan name—not individual securities—must be disclosed on financial interest statements

Conflict of interest provisions are expanded to include a public official's or state employee's nonstate employer and their spouse's nonstate employer as sources of substantial conflict requiring recusal from official action

Elected state officials with conflicts involving their nonstate employer or spouse's nonstate employer may participate in matters if they file a signed written statement explaining why they can act fairly and objectively, submitted to the Office of State Ethics and entered into agency records

Effective date is October 1, 2026