OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ¯ (860) 240-0200
http: //www. cga. ct. gov/ofa
sSB-408
AN ACT CONCERNING THE ADVANCEMENT OF NANOTECHNOLOGY DEVELOPMENT IN CONNECTICUT.
OFA Fiscal Note
Agency Affected |
Fund-Effect |
Workforce Competitiveness, Off. |
GF - See Below |
Note: GF=General Fund
Explanation
The bill authorizes the Office of Workforce Competitiveness (OWC), within available appropriations, to establish a Connecticut Nanotechnology Collaboration Initiative to foster industry-university relationships by providing matching discovery, collaborative, and prototype grants. With passage of the bill, OWC would either (1) re-allocate existing funding for this purpose from another program; (2) incur additional costs; or (3) not implement this program due to lack of funding.
OWC shall develop a Connecticut Center for Nanoscale Sciences and Development to advance university research and education involving the fabrication of nanoscale materials. OWC shall conduct a feasibility study and business planning model leading to the establishment of such center and present its findings to the Higher Education committee by January 1, 2007. The Small Business Innovation Research Office shall provide technical assistance to assist companies with nanotechnology-related applications.
The Out Years
The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.