OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-357

AN ACT CONCERNING REVISIONS TO ENERGY STATUTES.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Clean Energy Finance and Investment Authority

Other - Cost

Less than $30,000

None

Municipal Impact: None

Explanation

The bill renames Clean Energy Finance and Investment Authority (CEFIA) the Connecticut Green Bank. It is expected to cost less than $30,000 to replace signage, stationary, and other office materials. CEFIA is primarily funded through a surcharge on electric utility bills.

The bill also makes a number of other changes that have no fiscal impact.

The Out Years

There are no annualized ongoing fiscal impacts as the cost is in FY 15 only.