OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-493

AN ACT REDUCING ELECTRICITY COSTS AND PROMOTING RENEWABLE ENERGY.

AMENDMENT

LCO No.: 5438

Senate Calendar No.: 545

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The amendment is not anticipated to result in a fiscal impact to the state. The amendment adds a reporting requirement for any state contract that implements a climate expenditure intended to reduce greenhouse gas emissions. The amendment also requires the State Contracting Standards Board (SCSB) to audit these contracts to ensure compliance with performance standards.

It should be noted that an Executive Director and support staff have yet to be hired for the SCSB. sHB 5018, the Appropriations Committee FY 11 Revised Budget, reflects delaying the hiring of support staff until FY 12.

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.