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.: 4104

File Copy No.: 276

Senate Calendar No.: 216


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

Future Fiscal Years

Attorney General

GF - Potential Cost

Significant

Municipal Impact: None

Explanation

The amendment specifies that the state waives sovereign immunity with respect to any claim arising out of the implementation or administration of the program established by the bill. This could result in costs associated with claims against the state related to the program.

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.

Sources:

Office of the Attorney General