OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ¯ (860) 240-0200
AN ACT CONCERNING ADMINISTRATIVE PROCEDURES OF THE DEPARTMENT OF PUBLIC WORKS, AUDITING OF LARGE CONSTRUCTION CONTRACTS, ENVIRONMENTAL REVIEW OF CERTAIN LAND TRANSFERS, GRANT PAYMENTS TO MUNICIPALITIES, ADVERTISING ON STATE BUILDINGS AND CERTAIN EXEMPTIONS TO THE FREEDOM OF INFORMATION ACT.
LCO No.: 8854
File Copy No.: 475
Senate Calendar No.: 356
OFA Fiscal Note
Treasurer, Debt Serv.
GF - Eliminates Cost in Bill
Note: GF=General Fund
The amendment strikes Sections 7 and 8 of the bill as amended and eliminates the associated fiscal impact.
Section 8 requires the Auditors of Public Accounts to appoint a professional engineer inspector to monitor each state construction or reconstruction project in excess of $50 million. It is anticipated that this will result in an increase in General Fund debt service costs.
Section 7 eliminates a requirement for contractors and subcontractors to furnish a labor and material bond on state or municipal construction contracts when the labor and material costs are between $50, 000 and $100, 000 and the contract's value exceeds $100, 000. The section has no fiscal impact.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose.