OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING ENTREPRENEURIAL PROGRAMS FOR THE NEXT GENERATION OF OYSTER HARVESTERS.
LCO No.: 7110
File Copy No.: 650
Senate Calendar No.: 120
OFA Fiscal Note
The amendment strikes the underlying bill and its associated fiscal impact.
The amendment changes the amount distributed to the “expand and grow” account. Currently, the commissioner must deposit 25% of the proceeds derived from certain utility host payment fees into the General Fund, and the remaining 75% of this revenue to be deposited in the “expand and grow Connecticut agriculture” account which funds a portion of the Connecticut-grown program.
Section 1(c) modifies the formula regarding current deposits into the “expand and grow” account. The bill allows DAG to disburse this portion of funds between the Shellfish fund and the “expand and grow” account. It is uncertain how these funds would be distributed in FY 14 and FY 15.
Additionally, the amendment permits DAG to lease not more than 25 acres of shellfish grounds to applicants. It is anticipated that this would generate approximately $1,250 in FY 14 as five applicants would each lease approximately 10 acres at $25 per acre. In FY 15, it is anticipated that the number of applicants would increase to 10. These 10 applicants would also lease 10 acres each at $25 per acre, generating $2,500 to the state.
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.