AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE OFFICE OF STATE ETHICS FOR REVISIONS TO THE STATE CODES OF ETHICS, REDEFINING "GIFT" FOR PURPOSES OF SAID CODES AND INCREASING VARIOUS MONETARY THRESHOLDS IN SAID CODES.

This bill updates Connecticut's state ethics codes by implementing recommendations from the Office of State Ethics and raising monetary thresholds for financial disclosure requirements. It directly affects state elected officials, department heads, General Assembly members, and employees of quasi-public agencies by requiring them to file electronic statements of financial interests covering assets, income, and debts above specified limits. Key changes include increasing the disclosure threshold for securities from $5,000 to $10,000, adjusting debt reporting limits to $10,000, and exempting retirement accounts and education savings plans from detailed security disclosure while still requiring the plan names to be listed. The legislation also modifies board meeting procedures by changing the quorum requirement and clarifies how chairpersons and vice-chairpersons preside over meetings.