Skip to content

Compliance Building

Doug Cornelius on compliance for private equity real estate

Menu
  • Home
  • About
    • About
    • About Doug
    • About This Website
    • Why I Blog
    • Speaking Engagements
    • Contact
    • Publications
  • Archives
    • Topic Archive
    • Book Reviews
    • Most Popular
  • Subscribe
  • Disclaimers
    • Disclaimers
    • Policies and Procedures
    • Use of Site Content
    • Comments
    • FTC Disclosure
Menu

Connecticut’s Pay-to-Play Law

Posted on February 10, 2009 by Doug Cornelius
Print Friendly, PDF & Email

Connecticut’s law imposes a contribution and solicitation ban on state contractors, prospective state contractors, and their principals. A few, but not all, of the principals now covered under the law are as follows:

  • Members of the company’s Board of Directors;
  • Individuals owning 5% or more of the company’s stock;
  • Individuals at the company living or working in Connecticut with the title of president, treasurer, or executive vice president;
  • Spouses, civil union partners, and dependent children (age 18 or older and living at home) of the above; and
  • A political committee established or controlled by an individual described above or by the state contractor or prospective state contractor.

On December 19, 2008, the U.S. District Court for the District of Connecticut upheld Connecticut’s  pay-to-play law. The court found the pay-to-play and accompanying lobbying contribution and solicitation bans to be narrowly tailored to prevent corruption or the appearance of corruption, which, the court said, was significant given Connecticut’s recent history with corruption at the highest levels of state government. Green Party of Connecticut v. Garfield, No. 3:06cv1030 (D. Conn. Dec. 19, 2008).

On December 7, 2005, the Connecticut General Assembly passed “An Act Concerning Comprehensive Campaign Finance Reform for State-Wide Constitutional and General Assembly Offices.” The law, codified at Conn. Gen. Stat. § 9-600, et seq., became effective on December 31, 2006 (formerly codified at 9-333).

§ 9-612(f) prohibits investment services firms with state contracts from contributing to the campaigns for the State Treasurer.

§ 9-612(g) places limitations on campaign contributions by state contractors.

Share this:

  • Print (Opens in new window) Print
  • Share on Facebook (Opens in new window) Facebook
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on X (Opens in new window) X
  • Email a link to a friend (Opens in new window) Email

1 thought on “Connecticut’s Pay-to-Play Law”

  1. Pingback: New York City “Pay-to-Play” Law is Upheld | Compliance Building

Leave a ReplyCancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Search for Stuff

Recent Stories

  • California’s Fair Investment Practices by Venture Capital Companies
  • Compliance Bricks and Mortar for January 30
  • Interpreter Insider Trading
  • Things not to put in Advisory Contracts – Hedges
  • Weekend Reading: Bad Company
  • Things to Not Put in an Advisory Agreement – Assignment Rights
  • Congressional Stock Trading and Private Insider Trading
  • Model Fees Versus Actual Fees in Marketing
  • Compliance Bricks and Mortar for January 16
  • Staff Report on Capital-Raising Dynamics

Fight Cancer

Please support my Pan-Mass Challenge
Make a donation to fight cancer. donate.pmc.org/DC0176
pan-mass challenge badge

I am a lawyer, but I am not your lawyer. Since I’m a lawyer, this website may be considered attorney advertising under the ethical rules of certain jurisdictions. Please read my disclaimers page before taking any action. And then, don't take any action based on what I wrote.

Creative Commons logo with the text 'Some Rights Reserved' and three symbols representing attribution, non-commercial use, and share alike.

Compliance Building - by Doug Cornelius is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.