OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www.cga.ct.gov/ofa

sHB-5821

AN ACT CONCERNING ECONOMIC DEVELOPMENT PROJECTS.

AMENDMENT

LCO No.: 6459

File Copy No.: 321

House Calendar No.: 234

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 10 $

FY 11 $

Dept. of Administrative Services; Various State Agencies

GF - Cost

Potential

Potential

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment creates a price preference for the purchase of goods or services from micro businesses.

Creating a preference for micro businesses may increase the cost of certain goods or services if contracts that would otherwise be awarded to the lowest qualified bidder are awarded to micro businesses instead.

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. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.