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
Agency Affected |
Fund-Effect |
FY 17 $ |
Secretary of the State |
GF - Potential Cost |
60,000 |
Note: GF=General Fund
Explanation
The bill makes numerous changes to the laws governing limited liability companies. This may necessitate technical changes to the Secretary of the State's CONCORD business database. The bill states that reprogramming or upgrades must be done within available appropriations. It is estimated that CONCORD reprogramming/upgrades could cost up to $60,000.
The Out Years
Municipal Impact: None