OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-153

AN ACT CONCERNING SECURITY DEPOSITS FOR AGE-RESTRICTED PUBLIC HOUSING.

OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill requires housing authorities, developers, and corporations providing state-funded public housing to elderly and disabled citizens to allow residents to pay the security deposit in installments. The bill also changes when housing authorities and corporations are required to return security deposits to tenants. There are no fiscal impacts to the state or municipalities from these provisions.

Housing authorities are autonomous governmental entities which are financed through rental collections (CGS 8-45) and the issuance of bonds (CGS 8-52). They may also accept federal and state grants (CGS 8-56) as well as donations from municipalities (CGS 8-61).

The Out Years

State Impact: None

Municipal Impact: None