Sec. 10a-151f. Exemption for qualified, revenue and nonmonetary contracts.
382 words·~2 min read·
/ct/title-10a/chapter-185b-constituent-units/10a-151f·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.