OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5259

AN ACT CONCERNING ADOPTION OF THE CONNECTICUT UNIFORM LIMITED LIABILITY COMPANY ACT.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 17 $

Secretary of the State

GF - Cost

60,000

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill makes numerous changes to the laws governing limited liability companies. As a result, the Secretary of the State's CONCORD business database will need to be reprogrammed at a cost of approximately $60,000.

The Out Years

State Impact: None

Municipal Impact: None