OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6602

AN ACT CONCERNING DEFICIT MITIGATION MEASURES FOR THE FISCAL YEAR ENDING JUNE 30, 2009.

AMENDMENT

LCO No.: 4241

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

Various

General Fund; Other Fund - See Below

Municipal Impact: None

Explanation

The amendment eliminates a $20 million transfer from the Connecticut Development Authority to the General Fund. This will result in a revenue reduction in FY 09 to the underlying bill of a corresponding amount.

The amendment increases the amount transferred from $200 million to $220 million in nonappropriated funds to the General Fund. Since this transfer is dependent upon action by the General Assembly, the extent to which additional funds will be recommended to be transferred is unknown.

The amendment makes further technical changes that will not result in a 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. 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.