OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-399

AN ACT CONCERNING REPORTING REQUIREMENTS OF THE UNIVERSITY OF CONNECTICUT AND THE BOARD OF REGENTS FOR HIGHER EDUCATION REGARDING FINANCIAL AID.

AMENDMENT

LCO No.: 6087

File Copy No.: 245

Senate Calendar No.: 186


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Board of Regents for Higher Education

GF – Precludes Savings

less than 1 million

less than 1 million

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment precludes an anticipated savings in FY 16 and FY 17 of less than $1 million to the Board of Regents for Higher Education by not allowing for the closure of any Middlesex Community College campus or manufacturing program without legislative approval.

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.