OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5785

AN ACT CONCERNING INSURANCE AND TESTING REQUIREMENTS FOR HOME IMPROVEMENT CONTRACTORS.

AMENDMENT

LCO No.: 6388

File Copy No.: 309

House Calendar No.: 191


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Consumer Protection, Dept.

GF - Eliminates Cost in Bill

260,000

520,000

Comptroller Misc. Accounts (Fringe Benefits)1

GF - Eliminates Cost in Bill

96,625

193,250

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment eliminates costs of $356,625 in FY 16 and $713,250 in FY 17 in the bill associated with the Department of Consumer Protection (DCP) determining if each home improvement contractor (HIC) passed a test and acquired a $1,000,000 liability policy.

Provisions in the amendment which require the DCP to make available certain information to HICs on the DCP web site and requiring a study by the DCP regarding enforcement and complaint procedures surrounding HICs result in no fiscal impact as the DCP has the expertise to perform these requirements.

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.

1 The fringe benefit costs for most state employees are budgeted centrally in accounts administered by the Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes is 38.65% of payroll in FY 16 and FY 17.