Page 142

House Bill No. 5506

Public Act No. 22-118 142 of 739

1, 2022): (a) The [Connecticut Retirement Security Authority] Comptroller shall keep an accurate account of all its activities, receipts and expenditures of the Connecticut Retirement Security Program and shall submit, in accordance with the provisions of section 11-4a, a report detailing such activities, receipts and expenditures to the Connecticut Retirement Security [Authority board of directors] Advisory Board, the Governor, the Office of Auditors of Public Accounts and the joint standing committees of the General Assembly having cognizance of matters relating to labor and finance, revenue and bonding on or before December thirty-first annually. Such report shall be in a form prescribed by the board and shall include projected activities of the [authority] Comptroller for the next fiscal year. (b) The Auditors of Public Accounts may conduct a full audit of the books and accounts of the [authority] program pertaining to such activities, receipts and expenditures, personnel, services or facilities, in accordance with the provisions of [chapter 12 and] section 2-90. For the purposes of such audit, the Auditors of Public Accounts shall have access to the properties and records of the [authority] program. [(c) The authority shall enter into memoranda of understanding with the State Comptroller pursuant to which the authority shall provide, in such form and manner as prescribed by the State Comptroller, information that may include, but need not be limited to, the current revenues and expenses of the authority, the sources or recipients of such revenues or expenses, the date such revenues or expenses were received or dispersed and the amount and the category of such revenues or expenses. The State Comptroller shall also enter into such memoranda of understanding.] Sec. 107. Section 31-427 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022):