The proposed legislation, Substitute Bill No. 5220, aims to increase the compensation for members of the State Properties Review Board. The bill amends subsection (b) of section 4b-3 of the general statutes, replacing the term "chairman" with "chairperson" and increasing the per diem compensation for the chairperson from $200 to $300, with an annual cap raised from $30,000 to $45,000. Additionally, the compensation for other board members is also increased from $200 to $300 per diem, with the annual maximum rising from $25,000 to $40,000.

The bill also stipulates that no individual serving on the board can hold another state or municipal governmental position or be involved in any enterprise that conducts business with the state or is engaged in real estate acquisition or development. This act is set to take effect on July 1, 2026, and aims to ensure that board members are adequately compensated while maintaining the integrity of the board's operations.