Treasurer Denise Nappier, following the kickback and corruption scandal involving her predecessor, proposed a comprehensive Treasury Reform agenda to the 2000 session of the Connecticut General Assembly, building on her efforts to return integrity, professionalism and high standards to the Treasury.
The Nappier reform agenda was substantially approved by the legislature and the Governor. It established a series of reforms focusing on how decisions were to be made at the Treasury, strengthening the role of the Investment Advisory Council (IAC), and establishing new safeguards, oversight and restrictions involving both the Treasury and the IAC.
Since approval of the Treasury Reform Law, Treasurer Nappier has proceeded to implement the various components of the law, working closely with the Investment Advisory Council and the State Ethics Commission. For additional information on Treasury reform, see the key links listed below.
Summary of Legislative Initiatives 2000.
Text of Treasury’s Investment Policy Statement.
Text of regulations now in place regarding the disclosure of third party fees.
Learn more about the role and responsibilities of the Investment Advisory Council.