Connecticut HB05039 mandates transparency and oversight for legislatively directed funds, excluding certain emergency or formula-driven.

Connecticut HB05039 requires transparency and additional oversight for the distribution of legislatively directed funds, excluding appropriations made in response to emergencies, those to state agencies, formula-driven or competitive awards, and funds authorized by the State Bond Commission. The bill mandates recipients to establish sufficient financial controls and submit annual reports on fund utilization. It also requires recipients to obtain written approval from the administering state agency before transferring funds to subawardees or subcontractors. The act takes effect on July 1, 2026.

Connecticut HB05039 mandates transparency and oversight for legislatively directed funds, excluding certain emergency or formula-driven.

Connecticut HB05039 requires transparency and additional oversight for the distribution of legislatively directed funds, excluding appropriations made in response to emergencies, those to state agencies, formula-driven or competitive awards, and funds authorized by the State Bond Commission. The bill mandates recipients to establish sufficient financial controls and submit annual reports on fund utilization. It also requires recipients to obtain written approval from the administering state agency before transferring funds to subawardees or subcontractors. The act takes effect on July 1, 2026.