Sec. 1-123. Annual report.
Sec. 1-123. Annual report. The board of directors of each quasi-public agency
shall annually submit a report to the Governor and the Auditors of Public Accounts
and two copies of such report to the Legislative Program Review and Investigations
Committee. Such report shall include, but not be limited to, the following: (1) A list of
all bond issues for the preceding fiscal year, including, for each such issue, the financial
advisor and underwriters, whether the issue was competitive, negotiated or privately
placed, and the issue's face value and net proceeds; (2) a list of all projects other than
those pertaining to owner-occupied housing or student loans receiving financial assistance during the preceding fiscal year, including each project's purpose, location, and
the amount of funds provided by the agency; (3) a list of all outside individuals and
firms receiving in excess of five thousand dollars in the form of loans, grants or payments
for services, except for individuals receiving loans for owner-occupied housing and
education; (4) a balance sheet showing all revenues and expenditures; (5) the cumulative
value of all bonds issued, the value of outstanding bonds, and the amount of the state's
contingent liability; (6) the affirmative action policy statement, a description of the
composition of the agency's work force by race, sex, and occupation and a description
of the agency's affirmative action efforts; and (7) a description of planned activities for
the current fiscal year. Not later than thirty days after receiving copies of such report from
the board of a quasi-public agency, the Legislative Program Review and Investigations
Committee shall prepare an assessment of whether the report complies with the requirements of this section and shall submit the assessment and a copy of the report to the
joint standing committee of the General Assembly having cognizance of matters relating
to the quasi-public agency.
(P.A. 88-266, S. 42, 46; P.A. 03-133, S. 3.)
History: P.A. 03-133 required board to submit two copies of report to Legislative Program Review and Investigations
Committee, instead of submitting report to General Assembly committee of cognizance, and required said committee to
prepare and submit assessment of report and copy of report to General Assembly, effective July 1, 2004.