OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-249

AN ACT PROMOTING RETIREMENT SAVINGS.

AMENDMENT

LCO No.: 3970

File Copy No.: 276

Senate Calendar No.: 216


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Comptroller

GF - Reduces Cost in Bill

Eliminates up to $2 million

None

Municipal Impact: None

Explanation

The amendment reduces the costs of the underlying bill to the Office of the State Comptroller by up to $2 million in FY 15 by requiring the market feasibility study to be financed by either a non-profit, other private entity or by federal funds.

The amendment makes other numerous procedural changes which do not change the fiscal impact of the underlying bill.

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.