HB 8003 — AN ACT CONCERNING TEMPORARY ADJUSTMENTS TO THE BUDGET RESERVE FUND AND APPROPRIATING FUNDS TO ADDRESS REDUCTIONS IN FEDERAL FUNDING.

GeneralHouse Assembly Bill No.

8003 November Special Session, 2025Special LCOAct No.

1092625-1 ReferredAN toACT CommitteeCONCERNING onTEMPORARY NoADJUSTMENTS CommitteeTO IntroducedTHE by:BUDGET RESERVE FUND AND APPROPRIATING FUNDS TO ADDRESS REDUCTIONS IN FEDERAL FUNDING.

REP.

RITTER, 1 Dist.

th SEN.

LOONEY, 11 Dist.

REP.

ROJAS, 9 Dist.

SEN.

DUFF, 25 Dist.

AN ACT CONCERNING TEMPORARY ADJUSTMENTS TO THE BUDGET RESERVE FUND AND APPROPRIATING FUNDS TO ADDRESS REDUCTIONS IN FEDERAL FUNDING.

After the transfer is made pursuant to this subsection, no further transfers shall be made to the Budget Reserve LCOFund No.unless and until the amount in said fund is less than eighteen per cent of net General Fund appropriations for said fiscal year.

10926(b) 1In accordance with subsection (e) of 3section 4-30a of the general statutes, on June 30, 2026, any amount in the Budget Reserve Fund that exceedseighteenper cent ofthenet GeneralFundappropriationsfor the House Bill No.

Fund8003 unlessfiscal year ending June 30, 2027, shall be deemed appropriated and untiltransferred for the amountpurposes inof saidmaking fundadditional ispayments lesstoward thanunfunded eighteenpast perservice centliability of netthe Generalstate Fundemployees appropriationsretirement forsystem saidor fiscalthe year.teachers' retirement system, as determined by the Treasurer to be in the best interests of the state.

(b) In accordance with subsection (e) of section 4-30a of the general statutes, on June 30, 2026, any amount in the Budget Reserve Fund that exceedseighteenper cent ofthenet GeneralFundappropriationsfor the fiscal year ending June 30, 2027, shall be deemed appropriated and transferred for the purposes of making additional payments toward unfunded past service liability of the state employees retirement system or the teachers' retirement system, as determined by the Treasurer to be in the best interests of the state.

(Effective from passage) Prior to expending any funds in LCOaccordance No.with section 2 of this act or transferring any funds in accordance with section 3 of this act, the Secretary of the Office of Policy and Management shall provide electronic notice of the amount and purpose of each such expenditure or transfer to the president pro Nov.

10926Sp. 2 of 3 Bill No.

accordanceSess., with2025, sectionSpecial 2Act ofNo. this act or transferring any funds in accordance with section 3 of this act, the Secretary of the Office of Policy and Management shall provide electronic notice of the amount and purpose of each such expenditure or transfer to the president pro tempore of the Senate, the speaker of the House of Representatives and the majority and minority leaders of both houses of the General Assembly.

25-1 2 of 3 House Bill No.

8003 tempore of the Senate, the speaker of the House of Representatives and the majority and minority leaders of both houses of the General Assembly.

ThisGovernor's actAction: shall take effect as follows and shall amend the following sections:

SectionApproved 1November from18, passage2025 NewNov. section Sec.

2Sp. from passage New section Sec.

3Sess., from2025, passageSpecial NewAct sectionNo. Sec.

425-1 from3 passageof New3 section LCO No.

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