OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5511

AN ACT CONCERNING DISCLOSURE OF COORDINATED AND INDEPENDENT SPENDING IN CAMPAIGN FINANCE.

As Amended by House "A" (LCO 5730)

House Calendar No.: 351

Senate Calendar No.: 573

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 17 $

FY 18 $

Governmental Accountability, Off.

GF - Potential Revenue Gain

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill establishes certain fines with regards to the expenses related to grants from the Citizen's Election Fund. Doing so is anticipated to result in a revenue gain to the Office of Governmental Accountability; the level of which will be dependent upon the number of offenses committed.

House “A” struck the language and associated fiscal impact in the underlying bill and establishes the aforementioned fines.

The Out Years

The annualized fiscal impact identified above would continue into the future subject to inflation.

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.