Connecticut General Statutes 10a-151g – Adoption of policies for entering into or amending qualified contracts
(a)(1) On and after July 1, 2017, the Board of Trustees of The University of Connecticut may adopt, and update as necessary, policies relating to the process for entering into or amending a qualified contract, as described in subdivision (1) of subsection (b) of § 10a-151f, provided the board of trustees provides a reasonable opportunity for interested persons to present their views on such policies prior to adoption, and such policies are subject to the provisions of § 4-175. The board of trustees shall post such policies on its Internet web site.
Terms Used In Connecticut General Statutes 10a-151g
- Contract: A legal written agreement that becomes binding when signed.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(2) On and after July 1, 2017, the Board of Regents for Higher Education may adopt, and update as necessary, policies relating to the process for entering into or amending a qualified contract, as described in subdivision (1) of subsection (b) of § 10a-151f, provided the board provides a reasonable opportunity for interested persons to present their views on such policies prior to adoption, and such policies are subject to the provisions of § 4-175. The board shall post such policies on its Internet web site.
(3) Nothing in this subsection shall exempt a constituent unit from complying with the provisions of title 4e applicable to constituent units, provided any policies adopted pursuant to this section shall supersede any regulations of Connecticut state agencies adopted pursuant to § 4e-47.
(b) Not later than January 1, 2018, and annually thereafter, The University of Connecticut and the Board of Regents for Higher Education shall each submit a report, in accordance with the provisions of § 11-4a, to the joint standing committees of the General Assembly having cognizance of matters relating to higher education and government administration. Such report shall include, but need not be limited to, (1) any policies adopted pursuant to this section, (2) a description of any revisions or amendments made in the previous fiscal year to any previously adopted policies, and (3) a description of each contract entered into or amended in the previous fiscal year pursuant to such policies.