Bill > HB06887

This bill requires the Board of Regents for Higher Education and the University of Connecticut Board of Trustees to establish comprehensive management and fiscal accountability policies by January 1, 2026, effective July 1, 2025. The policies must address several key areas, including: (1) detailed guidelines for purchasing card usage, specifying permitted and restricted uses, mandating uniform training for cardholders and supervisors, establishing review processes for spending limits, and creating accountability measures for misuse; (2) rules governing state vehicle use, including record-keeping, tax treatment, and accountability for misuse; (3) residency requirements for top executive positions, specifically requiring the chancellor of Connecticut State Colleges and Universities and the University of Connecticut president to maintain their primary residence in the state for any employment contracts negotiated after July 1, 2025; and (4) development of uniform training for executives, administrators, and staff on business functions and compliance practices. Additionally, the bill requires the Board of Regents to appoint a compliance officer responsible for conducting regular audits of financial records, assessing internal controls, reporting findings, and ensuring compliance with laws and regulations. The bill also updates existing statutes to require constituent units of higher education to submit data for inclusion in public databases maintained by the Comptroller, enhancing transparency in state higher education financial management.

Budget and Finance, Education

Higher Education and Employment Advancement Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06887&which_year=2025