Meeting Date and Time: April 3rd 2023, 2-3:00 P.M.
Meeting Type: Special Meeting of the SEC Reinvestment Committee
Meeting Location: Virtual Meeting
Watch the video on YouTube: https://www.youtube.com/watch?v=xmHrp6BYs1E&t=222s
Meeting is posted: https://egov.ct.gov/PMC/Event/Details/19330
- Call to Order and Welcome
Ojala Naeem called the meeting to order.
Paul O. Robertson
Absent: Andréa Comer
Staff: Ginne-Rae Clay, Executive Director, SEC; Kristina Diamond, Communications & Legislative Program Manager, SEC; Jennifer Edwards, Project Manager, SEC; Komla Matrevi, Staff Attorney, SEC; Jennifer Stevens, Associate Accountant, SEC
- Process of Engaging with Legislature on FY 24 Budget for Reinvestment
Ginne-Rae Clay discussed the Community Reinvestment Plan Outline Draft for Fiscal Year (FY) 2024. The Council needs to approve the plan and submit it to OPM by mid-April. OPM will submit the plan to the relevant leadership at the Legislature. Legislature will review the plan so we can have $20M for reinvestment appropriated in our budget for FY ’24. OPM had advised that the plan should identify how we will spend the $20M reinvestment funds in FY ’24 and that the plan must have enough information and specificity for the Legislature to understand the intended beneficiaries and geographic reach.
A discussion ensued about the process of submitting the plan to OPM and upcoming meetings with Appropriations Chairs, OPM, OTG, and SEC. Ojala Naeem noted that OPM reviews the budget and narrative, but we represent ourselves with the Appropriations Committee. Kyle Abercrombie confirmed that all Departments in the State of Connecticut submit their budgets through OPM.
A discussion ensued about the Community Reinvestment NOFA and RFQ. Suggestions from the committee included types of projects to be funded and information to include. SEC staff is working on a review guide, which will include what to do if there are conflicts of interest.
- Reinvestment Committee Recommendations
- For the Good of the Order – New Business, Updates and Information
Chairwoman Naeem asked SEC staff for an update late next week or the week after on what is coming for the NOFA.
Chair Naeem asked for a motion to adjourn.
Motion – by Avery Gaddis
Second – by Michael Jefferson
In Favor – All
Opposed – None
Abstentions – None
The meeting adjourned at: 2:43 P.M.
Minutes are a draft until approved at a subsequent meeting.