LegalFix

Section 10a-151f - Exemption for qualified, revenue and nonmonetary contracts.

CT Gen Stat § 10a-151f (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a) For the purposes of this section:

(1) “Qualified contract” means a purchase contract entered into (A) pursuant to subsection (a) of section 10a-151b, and (B) by the chief executive officer of a constituent unit of the state system of higher education or the chief executive officer of an institution within the jurisdiction of such a unit;

(2) “Purchase contract” means a contract for the purchase of equipment, supplies or contractual services, a personal service agreement, as defined in section 4-212, or a lease of personal property;

(3) “Revenue contract” means a contract entered into by a chief executive officer with another entity where the constituent unit or an institution within the jurisdiction of such a unit is receiving monetary consideration from the other entity;

(4) “Nonmonetary contract” means a contract entered into by a chief executive officer with another entity where neither the constituent unit or institution or the other entity provides monetary consideration;

(5) “State and certain other institutional funds” means any (A) funds appropriated or bonds authorized by the General Assembly, (B) revenue generated from tuition, (C) funds collected from student fees, housing fees or dining services, (D) revenue generated from athletic sponsorship deals or ticket sales, or (E) revenue collected from the clinical operations of The University of Connecticut Health Center and the John Dempsey Hospital; and

(6) “Chief executive officer” has the same meaning as provided in section 10a-151b.

(b) The provisions of sections 4-252 and 4a-81 shall not apply to:

(1) Any qualified contract entered into or amended on or after July 1, 2017, that: (A) Does not involve the expenditure of state and certain other institutional funds, (B) is for the purchase of equipment, supplies or services or the lease of personal property (i) to be used outside of the United States, and (ii) where the other party to the contract is located outside of the United States, or (C) is a collaboration with another entity and involves at least two of the following: (i) Philanthropic support, (ii) sponsored research, (iii) research collaboration, (iv) employment opportunities for students, or (v) some other substantial value to the constituent unit or the state; or

(2) Any revenue contract or nonmonetary contract entered into by the chief executive officer that is not a qualified contract.

(P.A. 17-130, S. 2.)

History: P.A. 17-130 effective July 1, 2017.

LegalFix

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
Section 10a-151f - Exemption for qualified, revenue and nonmonetary contracts.