OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-124

AN ACT CONCERNING LONG ISLAND SOUND AND COASTAL PERMITTING.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 11 $

FY 12 $

Various State Agencies

GF - Revenue Gain

10,980

10,980

Department of Environmental Protection

GF - Savings

Minimal

Minimal

Note: GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 11 $

FY 12 $

Various Municipalities

Revenue Gain

1,220

1,220

Explanation

Section 1 of the bill results in a revenue gain to the state under the Community Investment Act (CIA) of approximately $10,980 in both FY 11 and FY 12 as it adds coastal authorizations to the types of documents that are subject to the $40 land recording fee under the CIA. This section also results in a revenue gain of $1,220 to municipalities from this provision. The state retains $36 of the land recording fee under the CIA, and the municipality retains $4 of the land recording fee. There are 305 coastal authorizations of all kinds anticipated to be filed under this provision.

In FY 09, CIA revenues were approximately $15 million between four state agencies: 1) the Department of Environmental Protection (DEP); 2) the Department of Agriculture (DoAG); 3) the Connecticut Commission on Culture and Tourism (CCT); and 4) the Connecticut Housing and Finance Authority (CHFA).

Sections 3 and 4 of the bill result in minimal savings to DEP, as the agency is permitted to transmit certain notices electronically, instead of by certified mail.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation, the number of coastal authorizations filed, and the number of notices filed electronically.