AN ACT CONCERNING AUTOMATIC REFERRAL TO THE MUNICIPAL FINANCE ADVISORY COMMISSION.

HB 6425 requires that any economically distressed municipality with fewer than 25,000 residents automatically be placed under the oversight of the Municipal Finance Advisory Commission if it meets existing referral criteria. This eliminates the need for separate approval or referral requests for qualifying small municipalities. The bill also makes minor adjustments to the commission's standards and requirements for managing these cases. The measure directly affects small, financially struggling cities and towns, shifting oversight to a mandatory process.