OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT ESTABLISHING A PUBLIC POWER AUTHORITY.
LCO No.: 7248
File Copy No.: 483
House Calendar No.: 334
OFA Fiscal Note
This amendment creates a gas and oil subaccount within the Energy Conservation Fund. The funding source for both subaccounts will remain the same as current law. The amendment eliminates the Fuel Oil Conservation Board and transfers the responsibilities to the Energy Conservation and Management Board (ECMB) . It also makes slight changes to the composition of the ECMB and the Renewable Energy Investments Board.
The amendment also allows the Energy Conservation Fund and the Clean Energy Fund to receive any federal or other funds available for conservation and load management. This may increase the amount of funding available to the programs within the fund.
It is anticipated that OPM can submit a supporting schedule of state agency energy costs to the Energy and Technology Committee within the agency's normal budgetary resources.
Section 509 creates additional reporting and planning requirements for the Department of Social Services (DSS) . DSS will incur a minimal administrative cost to meet these requirements.
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.