OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-140

AN ACT CONCERNING THE DUTIES OF THE CONNECTICUT MARKETING AUTHORITY.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 17 $

FY 18 $

Department of Agriculture

RMOF - Revenue Gain

Potential

Potential

Note: RMOF=Regional Market Operation Fund

Municipal Impact: None

Explanation

The bill expands the authority of the Connecticut Marketing Authority (CMA) to lease, permit, and license property under its control. Current law allows it to lease, but not permit or license.

This may result in a revenue gain the Regional Market Operation Fund (RMOF), administered by the Department of Agriculture (DoAg).1 In FY 15, there were leases that generated approximately $786,400 in revenue within the RMOF in FY 15.

The Out Years

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

1 The Regional Market Operation Fund supports the operation of the Hartford Regional Market. The market is a fully-funded and self-sustaining non-profit venture that is operated by the state. The revenue source is the fees generated by the Market's operations.