Bill > HB05497

This bill requires the Board of Regents for Higher Education to provide two key financial documents annually in order to continue receiving state block grant funds: an independent financial and compliance audit report and a comprehensive line item budget. These documents must be submitted to the legislative committees responsible for higher education and appropriations. The purpose of this requirement is to increase transparency and accountability in how state funding is used by the Connecticut State University System. By mandating these detailed financial reports, the bill aims to ensure that state block grant funds are being spent appropriately and in accordance with legislative oversight. The bill would amend existing general statutes to add this new reporting requirement as a condition for receiving state funding for the university system.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05497&which_year=2025