Section 8-NEW - Notification to Treasurer of proposed financial obligations or agreements; disclosure determination(a) As used in this section, (1) "person" means any (A) state officer, (B) state agency, department, board or commission, or (C) state employee, or any agent thereof. "Person" includes The University of Connecticut Health Care Finance Corporation, and (2) "financial obligation" has the same meaning as provided in 17 CFR 240.15c2-12, as amended from time to time.(b)(1) Before any person incurs any financial obligation of the state or enters into any agreement to covenants, events of default, remedies, priority rights or other similar terms in connection with a financial obligation of the state, where such financial obligation (A) is in excess of one million dollars, or (B) encumbers property or rights of the state material to the operations of the state, such person shall notify the Treasurer of such proposed financial obligation or agreement and submit any documents pursuant to which such financial obligation is to be incurred or such agreement is to be entered into. No such person shall incur any such financial obligation or enter into any such agreement until such person has received a written acknowledgment pursuant to subdivision (2) of this subsection.(2) Upon receipt of such notification and documents, the Treasurer shall determine whether the information provided is adequate for the Treasurer to timely meet required disclosure obligations under federal securities law. The Treasurer may request additional information the Treasurer deems necessary to make such determination. Upon the Treasurer's satisfaction that adequate information has been provided for the Treasurer to timely meet required disclosure obligations under federal securities law, the Treasurer or the Treasurer's designee shall provide written acknowledgment to the person seeking to incur such financial obligation or enter into such agreement. The Treasurer may establish, and revise from time to time, exemptions from such notification and submission requirements as the Treasurer determines are consistent with the state's disclosure obligations under federal securities law.Added by P.A. 24-0062,S. 4 of the Connecticut Acts of the 2024 Regular Session, eff. 6/4/2024.